Published: 14 July 2017

Building costs rose by 0.1 per cent in June year-on-year

According to Statistics Finland, building costs rose by 0.1 per cent in June 2017 compared with the previous year's June. The prices of materials went up by one per cent and those of services by 0.3 per cent from June 2016. Simultaneously, prices of labour inputs in construction fell by 1.1 per cent. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From May to June, the total index of building costs remained on the same level as in the previous month. The prices of materials and services rose by 0.2 per cent from the previous month. The prices of labour inputs fell by 0.2 per cent.

Building cost index 2015=100, June 2017

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,6 0,0 0,1
By type of cost Labour inputs 400 99,9 -0,2 -1,1
Materials 510 101,2 0,2 1,0
Services 90 100,3 0,2 0,3
By purpose of use Residential building 440 100,6 0,1 0,1
Other building construction 560 100,6 0,0 0,0

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Sami Saarikivi

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Updated 14.07.2017

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2017. Helsinki: Statistics Finland [referred: 28.7.2017].
Access method: http://www.stat.fi/til/rki/2017/06/rki_2017_06_2017-07-14_tie_001_en.html

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