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Building costs rose by 3.6 per cent in May year-on-year

Release related to topics:Housing and constructionPrices and consumption
release | Building cost index 2023, May

Correction

Figures of the building cost index for January to May 2023 were corrected.
Read more about the correction

According to Statistics Finland, building costs rose by 3.6 per cent in May 2023 from one year back. Among materials, the biggest increases in the year were recorded in heat insulation (19.8 %) and house equipments (10.6 %). Costs decreased most in the year in timber structures (-20.6 %) and precast concrete units (-4.6 %).

Key selections

  • Building costs rose by 3.6 per cent from one year ago.
  • The costs of materials rose by 2.6 per cent from one year back.
  • The prices of services increased by 3.8 per cent from one year ago.
  • The total index went up by 0.7 per cent from the month before.

Figures

See key statistical data in the figures.

Index clause sub-indices P 2000=100, 2000M01-2023M05

Tables

See key statistical data in the tables.

Building Cost Index 2021=100, May 2023

Building Cost Index 2021=100 by purpose of use, May 2023

Building Cost Index 2021=100 by input heading, May 2023

Database tables

Pick the data you need into tables, view the data as graphs, or download the data for your use.

Updated database tables
118p
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  • Index
  • Base year
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month
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month
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13ft
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  • Index
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month
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month
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13g8
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  • Base year
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month
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month
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13fx
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  • Base year
  • Index
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month
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month
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13g5
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  • Index
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month
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month
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11np
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  • Index
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month
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month
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11nr
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  • Index
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month
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month
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11ns
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  • Index
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month
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month
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11nu
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  • Index
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month
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month
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11nw
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  • Index
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month
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month
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11ny
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  • Index
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month
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month
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11p5
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  • Transfer price coefficient
Reference period cycle:
month
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month
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11p3
Classifications used:
  • Base year
  • Index
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month
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month
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Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Building cost index [online publication].
Reference period: 2023, May. ISSN=1799-5841. Helsinki: Statistics Finland [Referenced: 2.7.2025].
Access method:

Statistical experts

Inquiries primarily

Service email
info@stat.fi

Other experts

Aaro Laakkonen
Senior Statistician
029 551 3868
Martti Korhonen
Senior Statistician
029 551 3451

Head of Department in charge

Hannele Orjala
Head of Department in charge
029 551 3582