Is Claude API or Mistral API cheaper?

Mistral API starts lower at $0.15 per million input tokens, $0.6 per million output, Claude API at $1 per million input tokens, $5 per million output. Prices are as shown on each pricing page when it was last read.

Has Claude API or Mistral API raised prices?

Claude API: Top model, input has been listed since Jun 2024, starting at $15. It came down to $5 by Jan 2026 (-67%), and finally went up to $10 by Jul 2026 (+100%). Top model, output has been listed since Jun 2024, starting at $75. It came down to $25 by Jan 2026 (-67%), and finally went up to $50 by Jul 2026 (+100%). Sonnet tier, input has been listed since Jun 2024, starting at $3. It came down to $2 by Jul 2026 (-33%). Sonnet tier, output has been listed since Jun 2024, starting at $15. It came down to $10 by Jul 2026 (-33%). Haiku tier, input has been listed since Jun 2024, starting at $0.25. It went up to $1 by Dec 2024 (+300%), then came down to $0.80 by Jun 2025 (-20%), and finally went up to $1 by Jan 2026 (+25%). Haiku tier, output has been listed since Jun 2024, starting at $1.25. It went up to $5 by Dec 2024 (+300%), then came down to $4 by Jun 2025 (-20%), and finally went up to $5 by Jan 2026 (+25%). Mistral API has not changed its listed prices since 2026.

Claude API vs Mistral API pricing

Mistral API is cheaper to start: $0.15 per million input tokens, $0.6 per million output against $1 per million input tokens, $5 per million output for Claude API. Claude API has changed its listed prices 6 times since 2024. Mistral API has not changed its listed prices since 2026.

Claude API pricing

Mistral API pricing Add a third product

Claude API vs Mistral API at a glance

Current list prices as last read from each pricing page.

Claude API

Full analysis

Starts at: $1 per million input tokens, $5 per million outputHaiku 4.5, USD per million tokens, standard processing
Top listed plan: $10 per million input tokens, $50 per million outputFable 5.1
Priced by: Usage based
Free plan: Not recorded
Price history: since 2024
Price changes: 6

Mistral API

Full analysis

Starts at: $0.15 per million input tokens, $0.6 per million outputMistral Small 4, USD per million tokens
Top listed plan: $1.5 per million input tokens, $7.5 per million outputMistral Medium 3.5
Priced by: Usage based
Free plan: Not recorded
Price history: since 2026
Price changes: none

Claude API vs Mistral API price history

Both histories on one chart. The default line is each product's cheapest paid plan.

Claude API: USD per million tokens, standard processing. Mistral API: USD per million tokens. Click a legend entry to add or hide a plan. Log scale.

Show the data as a table

Observed	Claude API Haiku tier, input	Mistral API Mistral Small 4, input
Jun 20, 2024	$0.25
Dec 3, 2024	$1
Jun 3, 2025	$0.80
Oct 1, 2025	$0.80
Jan 1, 2026	$1
Apr 1, 2026	$1
Jul 1, 2026	$1
Sep 21, 2026	$1	$0.15
Oct 3, 2026	$1	$0.15

Plans side by side

Every plan currently listed, with the price it started at where we have it.

Claude APIUSD per million tokens, standard processing

Plan	Price	Listed since
Top model, input	$10was $15 in 2024	Jun 2024
Top model, output	$50was $75 in 2024	Jun 2024
Sonnet tier, input	$2was $3 in 2024	Jun 2024
Sonnet tier, output	$10was $15 in 2024	Jun 2024
Haiku tier, input	$1was $0.25 in 2024	Jun 2024
Haiku tier, output	$5was $1.25 in 2024	Jun 2024

Mistral APIUSD per million tokens

Plan	Price	Listed since
Mistral Large 3, input	$0.50	Sep 2026
Mistral Large 3, output	$1.50	Sep 2026
Mistral Medium 3.5, input	$1.50	Sep 2026
Mistral Medium 3.5, output	$7.50	Sep 2026
Mistral Small 4, input	$0.15	Sep 2026
Mistral Small 4, output	$0.60	Sep 2026

What changed, and when

Every dated price move we have on record for either product, newest first.

Jul 2026Claude API changed its plans and prices. Top model, input went from $5 to $10 (+100%). Top model, output went from $25 to $50 (+100%). Sonnet tier, input went from $3 to $2 (-33%). Sonnet tier, output went from $15 to $10 (-33%).
Jan 2026Claude API changed its plans and prices. Top model, input went from $15 to $5 (-67%). Top model, output went from $75 to $25 (-67%). Haiku tier, input went from $0.80 to $1 (+25%). Haiku tier, output went from $4 to $5 (+25%).
Jun 2025Claude API cut the Haiku tier input and output prices. Haiku tier, input went from $1 to $0.80 (-20%). Haiku tier, output went from $5 to $4 (-20%).
Dec 2024Claude API raised the Haiku tier input and output prices. Haiku tier, input went from $0.25 to $1 (+300%). Haiku tier, output went from $1.25 to $5 (+300%).