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

Latest publication: Building cost index 2017, June

Published: 13 April 2017

Building costs rose by 0.3 per cent in March year-on-year

According to Statistics Finland, building costs rose by 0.3 per cent in March 2017 from one year back. The prices of materials went up by 1.1 per cent and the prices of services by 1.2 per cent. The prices of labour inputs in construction, in turn, fell by 0.9 per cent compared with March of the previous year. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From February to March, the total index of building costs rose by 0.1 per cent. The prices of labour inputs and services remained unchanged from the previous month. Simultaneously, the prices of materials rose by 0.1 per cent.

Building cost index 2015=100, March 2017

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,4 0,1 0,3
By type of cost Labour inputs 400 100,4 0,0 -0,9
Materials 510 100,6 0,1 1,1
Services 90 99,7 0,0 1,2
By purpose of use Residential building 440 100,4 0,0 0,2
Other building construction 560 100,5 0,1 0,4

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 13.04.2017

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. March 2017. Helsinki: Statistics Finland [referred: 28.7.2017].
Access method: http://www.stat.fi/til/rki/2017/03/rki_2017_03_2017-04-13_tie_001_en.html

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