Home > Statistics > Building cost index > 2018 > February > Building costs rose by 1.7 per cent in February year-on-year

Published: 15 March 2018

Building costs rose by 1.7 per cent in February year-on-year

According to Statistics Finland, building costs rose by 1.7 per cent in February 2018 from one year back. The prices of materials went up by 2.5 per cent, those of services by 2.1 per cent and those of labour inputs by 0.6 per cent compared with February 2017.

Long term development of the Building Cost Index

From January to February, the total index of building costs rose by 0.2 per cent. The prices of materials rose by 0.4 per cent in a month. The prices of labour inputs and services remained on level with January.

Building cost index 2015=100, February 2018

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	102.1	0.2	1.7
By type of cost	Labour inputs	400	101.0	0.0	0.6
	Materials	510	103.0	0.4	2.5
	Services	90	101.7	0.0	2.1
By purpose of use	Residential building	440	102.2	0.2	1.9
	Other building construction	560	102.0	0.2	1.5

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Input indices 2015=100, February 2018 (15.3.2018)
• Appendix table 2. Residential building 2015=100, February 2018 (15.3.2018)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.3.2018)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.3.2018)

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Updated 15.03.2018