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

Latest publication: Building cost index 2019, September

Published: 15 November 2016

Building costs rose by one per cent in October year-on-year

According to Statistics Finland, building costs rose by one per cent in October 2016 compared with the previous year's October. The prices of labour inputs in construction went up by 1.5 per cent and the prices of materials by one per cent from one year ago. At the same time, the prices of services went down by 0.4 per cent.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From September to October, the total index of building costs rose by 0.5 per cent. The prices of labour inputs rose by one per cent from the previous month. The prices of materials went up by 0.1 per cent in a month and the prices of services by 0.4 per cent.

Building cost index 2015=100, October 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 101,2 0,5 1,0
By type of cost Labour inputs 400 101,9 1,0 1,5
Materials 510 100,8 0,1 1,0
Services 90 99,7 0,4 -0,4
By purpose of use Residential building 440 101,2 0,5 1,1
Other building construction 560 101,1 0,5 1,0

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 15.11.2016

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. October 2016. Helsinki: Statistics Finland [referred: 12.11.2019].
Access method: http://www.stat.fi/til/rki/2016/10/rki_2016_10_2016-11-15_tie_001_en.html