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The trick: Moved Ruler

Anthropic says Haiku 5.5 is its cheapest small model yet.

Per token, yes. Per finished task, one index puts it far above a rival at the same price.

Issue 388 October 202611 receipts3 min

Anthropic calls Haiku 5.5 its cheapest, fastest and most capable small model, about 75% cheaper to run than Haiku 4.5.

Before you read on. Your call?

Artificial Analysis confirms the per-token price matches GPT-6 Luna and rises 5x above 100k tokens.

The twist

Haiku 5.5 burns far more tokens, so on the Vals Index it costs $2.99 per test against $0.43 for Luna, for 54.31% against 51.22%.

75%Anthropic's average saving to run Haiku 5.5 against Haiku 4.5
$2.99Claude Haiku 5.5 cost per test on the Vals Index
$0.43GPT-6 Luna cost per test on the same index
54.31%Claude Haiku 5.5 score on the Vals Index

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The trick has a name

We call it Moved Ruler: two methods, two answers, one of them quoted. You'll see it again. Learn to spot it →

Say this in tomorrow's meeting“Haiku 5.5 is much cheaper than Haiku 4.5, but it matches GPT-6 Luna only per token; on the Vals Index it costs $2.99 per test against $0.43.”

Receipts

  1. Supports anthropic.com: the cheapest, fastest, and most capable small model
  2. Supports anthropic.com: Haiku 5.5 is available at a much lower price than Haiku 4.5.
  3. Supports anthropic.com: On average, it now costs around 75% less to run.
  4. Context anthropic.com: 50% lower for requests over 100,000 tokens
  5. Context anthropic.com: which means it uses slightly more tokens per task
  6. Supports artificialanalysis.ai: the same as GPT-6 Luna and 10% of the previous Haiku model
  7. Context artificialanalysis.ai: However, this pricing rises 5x to $0.50/$2.50 above 100k.
  8. Refutes artificialanalysis.ai: uses ~162k output tokens per Intelligence Index task, ~3x GPT-6 Luna (max, ~50k)
  9. Supports artificialanalysis.ai: At max effort Haiku 5.5 sits slightly ahead of models such as GLM-5.3 Flash (42), Gemini 3.8 Flash (41) and GPT-6 Luna (38)
  10. Refutes vals.ai: 16 Claude Haiku 5.5 54.31% $2.99 $0.1 / $0.5
  11. Refutes vals.ai: 26 GPT-6 Luna 51.22% $0.43 $0.1 / $0.5

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This story is a stable, citable object. If you can falsify a verdict,tell us. Corrections are loud here.