diff --git a/litellm/model_prices_and_context_window_backup.json b/litellm/model_prices_and_context_window_backup.json
index 2e740a3ca3..04913d4c63 100644
--- a/litellm/model_prices_and_context_window_backup.json
+++ b/litellm/model_prices_and_context_window_backup.json
@@ -6,7 +6,7 @@
         "input_cost_per_token": 0.0000,
         "output_cost_per_token": 0.000,
         "litellm_provider": "one of https://docs.litellm.ai/docs/providers",
-        "mode": "one of chat, embedding, completion, image_generation, audio_transcription, audio_speech",
+        "mode": "one of: chat, embedding, completion, image_generation, audio_transcription, audio_speech, image_generation, moderation, rerank",
         "supports_function_calling": true,
         "supports_parallel_function_calling": true,
         "supports_vision": true,
@@ -931,7 +931,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "text-moderation-007": {
         "max_tokens": 32768,
@@ -940,7 +940,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "text-moderation-latest": {
         "max_tokens": 32768,
@@ -949,7 +949,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "256-x-256/dall-e-2": {
         "mode": "image_generation",
diff --git a/model_prices_and_context_window.json b/model_prices_and_context_window.json
index 2e740a3ca3..04913d4c63 100644
--- a/model_prices_and_context_window.json
+++ b/model_prices_and_context_window.json
@@ -6,7 +6,7 @@
         "input_cost_per_token": 0.0000,
         "output_cost_per_token": 0.000,
         "litellm_provider": "one of https://docs.litellm.ai/docs/providers",
-        "mode": "one of chat, embedding, completion, image_generation, audio_transcription, audio_speech",
+        "mode": "one of: chat, embedding, completion, image_generation, audio_transcription, audio_speech, image_generation, moderation, rerank",
         "supports_function_calling": true,
         "supports_parallel_function_calling": true,
         "supports_vision": true,
@@ -931,7 +931,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "text-moderation-007": {
         "max_tokens": 32768,
@@ -940,7 +940,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "text-moderation-latest": {
         "max_tokens": 32768,
@@ -949,7 +949,7 @@
         "input_cost_per_token": 0.000000,
         "output_cost_per_token": 0.000000,
         "litellm_provider": "openai",
-        "mode": "moderations"
+        "mode": "moderation"
     },
     "256-x-256/dall-e-2": {
         "mode": "image_generation",
diff --git a/tests/litellm/test_model_prices_and_context_window_schema.py b/tests/litellm/test_model_prices_and_context_window_schema.py
new file mode 100644
index 0000000000..085512da88
--- /dev/null
+++ b/tests/litellm/test_model_prices_and_context_window_schema.py
@@ -0,0 +1,108 @@
+import json
+from jsonschema import validate
+
+def test_model_prices_and_context_window_json_is_valid():
+    '''
+    Validates the `model_prices_and_context_window.json` file.
+
+    If this test fails after you update the json, you need to update the schema or correct the change you made.
+    '''
+
+    INTENDED_SCHEMA = {
+        "type": "object",
+        "additionalProperties": {
+            "type": "object",
+            "properties": {
+                "cache_creation_input_audio_token_cost": {"type": "number"},
+                "cache_creation_input_token_cost": {"type": "number"},
+                "cache_read_input_token_cost": {"type": "number"},
+                "deprecation_date": {"type": "string"},
+                "input_cost_per_audio_per_second": {"type": "number"},
+                "input_cost_per_audio_per_second_above_128k_tokens": {"type": "number"},
+                "input_cost_per_audio_token": {"type": "number"},
+                "input_cost_per_character": {"type": "number"},
+                "input_cost_per_character_above_128k_tokens": {"type": "number"},
+                "input_cost_per_image": {"type": "number"},
+                "input_cost_per_image_above_128k_tokens": {"type": "number"},
+                "input_cost_per_pixel": {"type": "number"},
+                "input_cost_per_query": {"type": "number"},
+                "input_cost_per_request": {"type": "number"},
+                "input_cost_per_second": {"type": "number"},
+                "input_cost_per_token": {"type": "number"},
+                "input_cost_per_token_above_128k_tokens": {"type": "number"},
+                "input_cost_per_token_batch_requests": {"type": "number"},
+                "input_cost_per_token_batches": {"type": "number"},
+                "input_cost_per_token_cache_hit": {"type": "number"},
+                "input_cost_per_video_per_second": {"type": "number"},
+                "input_cost_per_video_per_second_above_128k_tokens": {"type": "number"},
+                "input_dbu_cost_per_token": {"type": "number"},
+                "litellm_provider": {"type": "string"},
+                "max_audio_length_hours": {"type": "number"},
+                "max_audio_per_prompt": {"type": "number"},
+                "max_document_chunks_per_query": {"type": "number"},
+                "max_images_per_prompt": {"type": "number"},
+                "max_input_tokens": {"type": "number"},
+                "max_output_tokens": {"type": "number"},
+                "max_pdf_size_mb": {"type": "number"},
+                "max_query_tokens": {"type": "number"},
+                "max_tokens": {"type": "number"},
+                "max_tokens_per_document_chunk": {"type": "number"},
+                "max_video_length": {"type": "number"},
+                "max_videos_per_prompt": {"type": "number"},
+                "metadata": {"type": "object"},
+                "mode": {
+                    "type": "string",
+                    "enum": [
+                        "audio_speech",
+                        "audio_transcription",
+                        "chat",
+                        "completion",
+                        "embedding",
+                        "image_generation",
+                        "moderation",
+                        "rerank"
+                    ],
+                },
+                "output_cost_per_audio_token": {"type": "number"},
+                "output_cost_per_character": {"type": "number"},
+                "output_cost_per_character_above_128k_tokens": {"type": "number"},
+                "output_cost_per_image": {"type": "number"},
+                "output_cost_per_pixel": {"type": "number"},
+                "output_cost_per_second": {"type": "number"},
+                "output_cost_per_token": {"type": "number"},
+                "output_cost_per_token_above_128k_tokens": {"type": "number"},
+                "output_cost_per_token_batches": {"type": "number"},
+                "output_db_cost_per_token": {"type": "number"},
+                "output_dbu_cost_per_token": {"type": "number"},
+                "output_vector_size": {"type": "number"},
+                "rpd": {"type": "number"},
+                "rpm": {"type": "number"},
+                "source": {"type": "string"},
+                "supports_assistant_prefill": {"type": "boolean"},
+                "supports_audio_input": {"type": "boolean"},
+                "supports_audio_output": {"type": "boolean"},
+                "supports_embedding_image_input": {"type": "boolean"},
+                "supports_function_calling": {"type": "boolean"},
+                "supports_image_input": {"type": "boolean"},
+                "supports_parallel_function_calling": {"type": "boolean"},
+                "supports_pdf_input": {"type": "boolean"},
+                "supports_prompt_caching": {"type": "boolean"},
+                "supports_response_schema": {"type": "boolean"},
+                "supports_system_messages": {"type": "boolean"},
+                "supports_tool_choice": {"type": "boolean"},
+                "supports_video_input": {"type": "boolean"},
+                "supports_vision": {"type": "boolean"},
+                "tool_use_system_prompt_tokens": {"type": "number"},
+                "tpm": {"type": "number"},
+            },
+            "additionalProperties": False,
+        },
+    }
+
+    with open("./model_prices_and_context_window.json", "r") as model_prices_file:
+        actual_json = json.load(model_prices_file)
+    assert isinstance(actual_json, dict)
+    actual_json.pop('sample_spec', None) # remove the sample, whose schema is inconsistent with the real data
+
+    validate(actual_json, INTENDED_SCHEMA)
+