Published: 15 August 2019

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

According to Statistics Finland, building costs rose by 0.4 per cent in July 2019 compared with the previous year's July. The prices of labour inputs increased by 0.8 per cent. The prices of materials and services went up by 0.2 per cent compared with July 2018.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From June to July, the total index of building costs rose by 0.1 per cent. The prices of materials went up by 0.2 per cent and the prices of services decreased as much, by 0.2 per cent. In July, the costs of labour inputs remained on level with June.

Building cost index 2015=100, July 2019

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.1 0.1 0.4
By type of cost Labour inputs 400 103.4 -0.0 0.8
Materials 510 105.0 0.2 0.2
Services 90 102.3 -0.2 0.2
By purpose of use Residential building 440 104.2 0.1 0.3
Other building construction 560 104.0 0.1 0.6

Source: Building cost index, Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

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Updated 15.08.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2019. Helsinki: Statistics Finland [referred: 19.8.2019].
Access method: http://www.stat.fi/til/rki/2019/07/rki_2019_07_2019-08-15_tie_001_en.html