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Frontier LLM prices didn't move for 5 months. In August, they moved three times, and one lab tripled its rate.

On August 1 I published a report whose headline finding was that frontier LLM API prices are structurally sticky. Across 40 daily readings of an equal-weight index of ten flagship models — one per lab — not one lab had ever changed the price of an existing model. Every move in the index had come from a new model replacing an old one. August made that sentence false in three weeks. Here's what moved, why the index still ended the month lower, and…
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modelpricewatch.com broke the news on Saturday, September 5, 2026.
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