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

Latest publication: Building cost index 2019, September

Published: 15 August 2016

Building costs rose by 0.5 per cent in July year-on-year

According to Statistics Finland, building costs rose by 0.5 per cent in July 2016 compared with the previous year's July. The prices of labour inputs in construction increased by 1.4 per cent. The prices of materials went down by 0.1 per cent and the prices of services by 0.2 per cent year-on-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 fell by 0.1 per cent. The prices of labour inputs remained nearly unchanged from the previous month. The prices of materials went down by 0.1 per cent and those of services by 0.6 per cent from the month before.

Building cost index 2015=100, July 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,5 -0,1 0,5
By type of cost Labour inputs 400 101,0 0,0 1,4
Materials 510 100,2 -0,1 -0,1
Services 90 99,4 -0,6 -0,2
By purpose of use Residential building 440 100,4 -0,1 0,5
Other building construction 560 100,5 -0,1 0,5

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 15.08.2016

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2016. Helsinki: Statistics Finland [referred: 15.11.2019].
Access method: http://www.stat.fi/til/rki/2016/07/rki_2016_07_2016-08-15_tie_001_en.html