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Published: 13 January 2017

Building costs rose by one per cent in December year-on-year

According to Statistics Finland, building costs rose by one per cent in December 2016 compared with the previous year's December. The prices of labour inputs in construction went up by 1.4 per cent and the prices of materials by 0.9 per cent from one year back. Simultaneously, prices of services fell by 0.4 per cent.

Long term development of the Building Cost Index

From November to December, the total index of building costs fell by 0.2 per cent. The prices of labour inputs and services remained unchanged from the previous month. By contrast, the prices of materials fell by 0.4 per cent from the previous month.

Building cost index 2015=100, December 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,9	-0,2	1,0
By type of cost	Labour inputs	400	101,9	0,0	1,4
	Materials	510	100,4	-0,4	0,9
	Services	90	99,7	0,0	-0,4
By purpose of use	Residential building	440	100,9	-0,3	0,9
	Other building construction	560	101,0	-0,2	1,0

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, 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, December 2016 (13.1.2017)
• Appendix table 2. Residential building 2015=100, December 2016 (13.1.2017)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (13.1.2017)
• Appendix figure 2. Index clause sub-indices P 2000=100 (13.1.2017)

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Updated 13.01.2017