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

Latest publication: Building cost index 2020, February

Published: 14 February 2020

Building costs rose by 0.6 per cent in January year-on-year

According to Statistics Finland, building costs rose by 0.6 per cent in January 2020 from one year back. Labour costs went up by 1.8 per cent and the prices of services by 1.4 per cent compared with January 2019. The prices of materials fell by 0.4 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

In January, the total index of building costs rose by 0.2 per cent from the previous month. The prices of services went up by 0.7 per cent in a month and those of materials by 0.2 per cent. The labour costs remained on level with December.

Building cost index 2015=100, January 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.5 0.2 0.6
By type of cost Labour inputs 400 104.2 0.0 1.8
Materials 510 104.8 0.2 -0.4
Services 90 103.9 0.7 1.4
By purpose of use Residential building 440 104.6 0.1 0.4
Other building construction 560 104.4 0.2 0.8

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 14.2.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. January 2020. Helsinki: Statistics Finland [referred: 1.4.2020].
Access method: http://www.stat.fi/til/rki/2020/01/rki_2020_01_2020-02-14_tie_001_en.html