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

Latest publication: Building cost index 2021, May

Published: 2 December 2020

Corrected release 07/2020: Building costs fell by 0.4 per cent in July year-on-year

Data of the building cost index has been corrected from May 2020 to October 2020. Further information in this newsletter .

According to Statistics Finland, building costs fell by 0.4 per cent in July2020 compared with the previous year's July. Labour costs fell by 1,4 per cent from one year ago. The prices of services rose by 0.4 per cent and the prices of materials rose by 0,2 per cent compared with July of the previous year.

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 remained on level with the previous month. Labour costs and the prices of materials remained on level with the previous month, but the prices of services fell by 0.3 per cent.

Building cost index 2015=100, July 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 103.7 0.0 -0.4
By type of cost Labour inputs 400 101.9 0.0 -1.4
Materials 510 105.2 0.0 0.2
Services 90 102.8 -0.3 0.4
By purpose of use Residential building 440 103.7 0.0 -0.5
Other building construction 560 103.6 0.0 -0.3

Source: Building cost index, Statistics Finland

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

Head of Department in charge: Hannele Orjala

Publication in pdf-format (300.0 kB)

Tables

Tables in databases

Appendix tables

Figures

Updated 2.12.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2020. Helsinki: Statistics Finland [referred: 22.6.2021].
Access method: http://www.stat.fi/til/rki/2020/07/rki_2020_07_2020-12-02_tie_001_en.html