BREAKING: AI token spending grew just +0.2% MoM in September, the lowest monthly growth since November 2025. This follows a +1.0% increase in August, marking two consecutive months of growth at or below +1.0%, the weakest streak in at least 18 months. This comes as falling prices for the most advanced AI models, alongside improvements in efficiency and quality, drive down the average price per million tokens processed by these models. Since July, overall AI token prices have declined -48%, to $0.65 per million tokens, the lowest since at least January 2026. Lower costs could unlock the next wave of AI adoption.