Home > Statistics > Building cost index > 2010 > October > Building costs rose by 2.2 per cent in October

Published: 12 November 2010

Building costs rose by 2.2 per cent in October

Building costs were 2.2 per cent higher in October 2010 than in October 2009. Labour costs in construction rose by 0.4 per cent and prices of materials by 3.9 per cent in the year. Those of other inputs were nearly the same as in October 2009. This is indicated by the Building Cost Index of Statistics Finland.

Building Cost Index (2005=100) and its year-on-year and month-on-month changes

Index	October 2010	Change % 10/2009 - 10/2010	Change % 9/2010 - 10/2010
Building trade newbuilding
Total index	115.2	2.2	0.3
Labour	114.3	0.4	0.3
Materials	117.8	3.9	0.4
Other inputs	108.4	0.0	0.3
By type of building
Newbuilding
Blocks of flats	116.5	3.1	0.3
Detached residential houses	115.2	2.4	0.5
Office and commercial buildings	114.6	2.0	0.3
Industrial and warehouse buildings	115.1	1.9	0.3
Agricultural production buildings	120.1	4.4	0.5

From September to October, the total index of building costs rose by 0.3 per cent. The prices for labour rose by 0.3 per cent, the prices of materials by 0.4 per cent and the prices for those of other inputs by 0.3 per cent.

Source: Building cost index 2010, October. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 12.11.2010