The Token Expenditure Price Index fell to $0.94 per million tokens as of October 27, down 1.9% over the past seven days according to Jinshi Data. The index has now dropped more than 50% from its stage high of $2.065 recorded on May 28, representing a cumulative decline of 54.48%. The sustained low level reflects a notable reduction in unit token pricing for AI model inference services since peak levels. Ongoing price competition among AI service providers and shifting inference costs remain key factors to watch in the evolving landscape.