Home > Statistics > Building cost index > 2011 > January > Building costs rose by 2.5 per cent in January

Published: 17 February 2011

Building costs rose by 2.5 per cent in January

Building costs were 2.5 per cent higher in January 2011 than in January 2010. Labour costs in construction rose by 0.4 per cent and prices of materials by 3.8 per cent in the year. Those of other inputs rose by 2.4 per cent. 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	January 2011	Change % 1/2010 - 1/2011	Change % 12/2010 - 1/2011
Building trade newbuilding
Total index	115.9	2.5	0.4
Labour	115.0	0.4	0.4
Materials	118.1	3.8	0.3
Other inputs	110.5	2.3	0.7
By type of building
Newbuilding
Blocks of flats	117.2	3.3	0.4
Detached residential houses	115.5	2.4	0.2
Office and commercial buildings	115.6	2.4	0.5
Industrial and warehouse buildings	115.8	2.3	0.4
Agricultural production buildings	120.5	5.0	0.2

From December to January, the total index rose by 0.4 per cent. The prices for labour rose by 0.4 per cent, the prices of materials by 0.3 per cent and the prices for those of other inputs by 0.7 per cent.

The Building Cost Index will be released with the new base year 2010 latest in April 2011.

Source: Building cost index 2011, January. 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 17.2.2011