Published: 15 May 2019

Building costs rose by 1.7 per cent in April year-on-year

According to Statistics Finland, building costs rose by 1.7 per cent in April 2019 year-on-year. The prices of materials went up by 2.0 per cent, those of labour inputs by 1.6 per cent and those of services by 0.9 per cent compared with April 2018.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From March to April, the total index of building costs remained on level with the previous month. The prices of materials also remained unchanged from March. The prices of labour inputs went down by 0.1 per cent and those of services rose 0.1 per cent from the month before.

Building cost index 2015=100, April 2019

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 103.9 -0.0 1.7
By type of cost Labour inputs 400 102.3 -0.1 1.6
Materials 510 105.4 0.0 2.0
Services 90 102.6 0.1 0.9
By purpose of use Residential building 440 104.2 -0.0 1.8
Other building construction 560 103.7 -0.0 1.7

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 15.05.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. April 2019. Helsinki: Statistics Finland [referred: 22.5.2019].
Access method: http://www.stat.fi/til/rki/2019/04/rki_2019_04_2019-05-15_tie_001_en.html