Home > Statistics > Building cost index > 2016 > January > Building costs increased slightly in January year-on-year

Published: 15 February 2016

Building costs increased slightly in January year-on-year

Corrected on 15 February 2016. The correction is indicated in red.

According to Statistics Finland, building costs decreased by 0.2 per cent in January 2016. The prices of labour inputs in construction increased by 0.8 per cent. The prices of materials went down by 0.6 per cent and the prices of services by 1.9 per cent from one year ago.

Long term development of the Building Cost Index

From December to January, the total index of building costs remained nearly unchanged. Prices of labour inputs rose by 0.4 per cent and prices of materials went down slightly. The prices of services fell by 1.5 per cent from the previous month.

Building cost index 2015=100, January 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	99,9	-0,0	-0,2
By type of cost	Labour inputs	400	100,9	0,4	0,8
	Materials	510	99,4	-0,1	-0,6
	Services	90	98,6	-1,5	-1,9
By purpose of use	Residential building	440	99,9	-0,0	-0,2
	Other building construction	560	99,9	-0,0	-0,2

The Building Cost Index was renewed

The Building Cost Index has been renewed and the year 2015 has been adopted as the base year. In the renewal, the weight structures of the index were updated to correspond with the input-cost distribution in current building construction. The commodity sample has been updated to correspond with new constructional regulations. The sample of enterprises was expanded slightly due to new product price data that are collected. In terms of service headings, the data of the producer price index for services are primarily used. The new published index, the total index of residential building construction covers both newbuilding and renovation building. The agricultural buildings index and the renovation indices are removed from calculation.

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, January 2016 (15.2.2016)
• Appendix table 2. Residential building 2015=100 , January 2016 (15.2.2016)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.2.2016)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.2.2016)

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Updated 15.02.2016