LLM API Pricing Trends Q2 2026 — Who Got Cheaper, Who Got Expensive

The LLM market has repriced dramatically since early 2025. Frontier intelligence that cost $10/M input tokens 18 months ago now runs $1-3/M. Budget tiers have hit $0.10/M. But not every direction is down - Anthropic's budget tier got expensive when Haiku 3 retired. Here's the full picture. If you haven't re-evaluated your model selection in the past six months, you are almost certainly overpaying. The LLM pricing landscape has moved in Q1-Q2 2026 than in most full calendar years before it. Multiple flagship models dropped 50-80% in price.