Building costs rose by 5.9 per cent in October year-on-year
Release related to topics:Housing and construction
release | Building cost index 2022, OctoberAccording to Statistics Finland, building costs rose by 5.9 per cent in October 2022 from one year back. Among materials, the biggest increases in the year were recorded in steel structures (15.3%) and heat insulation (25.5%). The fall in the costs of timber structures continued and the change from the previous year was -10.8 per cent.
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Key selections
- Building costs rose by 5.9 per cent from one year ago.
- The costs of materials rose by 9.6 per cent from one year back.
- The prices of services increased by 4.9 per cent from one year ago.
- Monthly changes have turned negative in several input heading and thus curb the rise in building costs.
- The total index went up by 0.1 per cent from the month before.
Monthly changes have turned negative in several input heading
There are signs of slowing down in the rise in building costs. This can be seen, for example, from negative monthly changes in timber structures (-6.7%), steel structures (-0.8%) and site energy (-2.4%).
Figures
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Index clause sub-indices P 2000=100, 2000M01-2022M10
Tables
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Building Cost Index 2021=100, October 2022
Building Cost Index 2021=100 by purpose of use, October 2022
Building Cost Index 2021=100 by input heading, October 2022
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Documentation
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Go to documentation of the statisticsReferencing instructions
Official Statistics of Finland (OSF): Building cost index [online publication].
Reference period: 2022, October. ISSN=1799-5841. Helsinki: Statistics Finland [Referenced: 23.5.2025].
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