A more recent publication of this set of statistics is available.

Latest publication: Building cost index 2018, April

Published: 15 December 2017

Building costs rose by 0.4 per cent in November year-on-year

According to Statistics Finland, building costs rose by 0.4 per cent in November 2017 from one year back. The prices of materials rose by 1.7 per cent and those of services by 1.3 per cent compared with November of the previous year. At the same time, the prices of labour inputs fell by 1.3 per cent. The fall in the prices of labour inputs is explained by lower employer’s social security costs compared with 2016.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From October to November, the total index of building costs increased by 0.3 per cent. The prices of materials rose by 0.6 per cent in a month. The prices of labour inputs and services remained at the same level as in October.

Building cost index 2015=100, November 2017

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 101.6 0.3 0.4
By type of cost Labour inputs 400 100.6 0.0 -1.3
Materials 510 102.5 0.6 1.7
Services 90 101.0 0.0 1.3
By purpose of use Residential building 440 101.7 0.4 0.5
Other building construction 560 101.5 0.2 0.3

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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Tables

Tables in databases

Appendix tables

Figures

Updated 15.12.2017

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. November 2017. Helsinki: Statistics Finland [referred: 20.5.2018].
Access method: http://www.stat.fi/til/rki/2017/11/rki_2017_11_2017-12-15_tie_001_en.html

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