Published: 15 October 2019

Building costs rose by 0.8 per cent in September year-on-year

According to Statistics Finland, building costs rose by 0.8 per cent in September 2019 compared with the previous year's September. The prices of labour inputs went up by 1.6 per cent and the prices of materials by 0.4 per cent. The prices of services remained unchanged from the previous year.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From August to September, the total index of building costs grew by 0.1 per cent. The prices of materials went up by 0.2 per cent and those of labour inputs remained on level with August. Service costs fell by 0.1 per cent in September from the previous month.

Building cost index 2015=100, September 2019

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.4 0.1 0.8
By type of cost Labour inputs 400 103.4 -0.0 1.6
Materials 510 105.7 0.2 0.4
Services 90 102.3 -0.1 0.0
By purpose of use Residential building 440 104.7 0.2 0.8
Other building construction 560 104.2 0.0 0.9

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 15.10.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. September 2019. Helsinki: Statistics Finland [referred: 12.11.2019].
Access method: http://www.stat.fi/til/rki/2019/09/rki_2019_09_2019-10-15_tie_001_en.html