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GPT-5.5 Price Increase: What It Costs

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Why This Matters

The launch of GPT-5.5 has led to significant cost increases for users, with prices nearly doubling despite the model generating shorter completions for longer prompts. This shift impacts both the overall expenses and the cost-efficiency of AI deployments, highlighting the importance of understanding model performance and pricing strategies in the rapidly evolving AI landscape.

Key Takeaways

We replicated the cost analysis we did on Opus on the new GPT-5.5 model. GPT-5.5 launched with a 2x price increase over GPT-5.4: input tokens increased from $2.50/M to $5.00/M and output tokens from $15/M to $30/M. OpenAI has also noted that the model is less verbose, producing shorter completions for the same tasks. Just as we did with Opus 4.7 we wanted to know what is the net impact on costs to users by analyzing usage that shifted from GPT-5.4 to GPT-5.5.

We observed cost increases between 49-92%. The price increase is mitigated by the model generating 19-34% fewer completion tokens for longer prompts.

Methodology: Same Switcher Cohort Approach

We used the same approach as our Opus 4.7 analysis. We identified users whose top model by request count was GPT-5.4 prior to the 5.5 launch, who then switched to GPT-5.5 as their top model. This "switcher cohort" gives us a controlled before-and-after comparison of the same user base across model versions.

Since GPT-5.4 and 5.5 use the same tokenizer family, we don't need to control for tokenizer differences. The comparison is direct: same users, same workflows, different model version.

GPT-5.5 Is Less Verbose, But Only for Longer Prompts

Using OpenRouter's consistent token counts, we measured how completion lengths changed between models:

Prompt Size Median Completion (5.4) Median Completion (5.5) Change < 2K tokens 121 129 +7% 2K – 10K 140 213 +52% 10K – 25K 211 143 -32% 25K – 50K 185 150 -19% 50K – 128K 188 136 -28% 128K+ 215 143 -34%

For prompts above 10K tokens, GPT-5.5 produces 19-34% fewer tokens. For shorter prompts, the pattern reverses: under 2K tokens completions are roughly the same length, and in the 2K-10K range they are 52% longer.

Actual Cost Impact

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