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

Latest publication: Building cost index 2019, September

Published: 12 June 2008

Building costs rose by 4.3 per cent in twelve months

Building costs rose by 4.3 per cent from May 2007 to May 2008. Labour costs in construction went up by 4.1 per cent, prices of materials by 4.0 per cent and those of other inputs by 5.8 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From April to May 2008, the total index of building costs rose by 0.3 per cent. The prices for labour went up by 0.5 per cent, and those for other inputs by 0.7 per cent, whereas the prices of materials remained unchanged.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index May
2008
Change %
5/2007 - 5/2008
Change %
4/2008 - 5/2008
Building trade newbuilding      
Total index 114.4 4.3 0.3
    Labour 110.1 4.1 0.5
    Materials 116.5 4.0 0.0
    Other inputs 116.2 5.8 0.7
       
By type of building      
Newbuilding      
    Blocks of flats 114.6 4.4 0.1
    Detached residential houses 114.8 3.7 0.0
    Office and commercial buildings 113.8 4.6 0.5
    Industrial and warehouse buildings 114.3 4.2 0.3
    Agricultural production buildings 121.2 4.4 0.0

Source: Building cost index 2008, May. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

Tables

Tables in databases


Last updated 12.6.2008

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. May 2008. Helsinki: Statistics Finland [referred: 15.11.2019].
Access method: http://www.stat.fi/til/rki/2008/05/rki_2008_05_2008-06-12_tie_001_en.html