Published: 15 May 2020

Building costs rose by 0.3 per cent in April year-on-year

According to Statistics Finland, building costs rose by 0.3 per cent in April 2020 year-on-year. Labour costs went up by 1.4 per cent and the prices of services by 0.5 per cent compared with April of the previous year. The prices of materials fell by 0.6 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From March to April, the total index of building costs fell by 0.2 per cent. Labour costs went down by 0.3 per cent and the prices of services by 0.8 per cent. The prices of materials remained unchanged in April compared to the previous month.

Building cost index 2015=100, April 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.2 -0.2 0.3
By type of cost Labour inputs 400 103.7 -0.3 1.4
Materials 510 104.7 0.0 -0.6
Services 90 103.1 -0.8 0.5
By purpose of use Residential building 440 104.2 -0.2 -0.0
Other building construction 560 104.2 -0.1 0.5

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 15.05.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. April 2020. Helsinki: Statistics Finland [referred: 3.6.2020].
Access method: http://www.stat.fi/til/rki/2020/04/rki_2020_04_2020-05-15_tie_001_en.html