This has been known for a long time. The fact is high end snapdragon with 5g modem is expensive. This would still be a similar/slightly faster speed compared to the pixel 3 except for gaming which will be a fair bit slower.
Additional specifications about the Pixel 5 have leaked online. Apparently, Google will equip the Pixel 5 with a QHD+ display, which reportedly supports a 120 Hz refresh rate. The Snapdragon 765G-powered device will be underpinned by a lowly 3,080 mAh battery, too.