Home > Statistics > Building cost index > 2018 > August > Building costs rose by 2.6 per cent in August year-on-year

Published: 14 September 2018

Building costs rose by 2.6 per cent in August year-on-year

According to Statistics Finland, building costs rose by 2.6 per cent in August 2018 compared with the previous year. The prices of materials went up by 3.1 per cent, those of services by 2.3 per cent and those of labour inputs by two per cent compared with August 2017.

Long term development of the Building Cost Index

From July to August, the total index of building costs fell by 0.2 per cent. The prices of materials went up by 0.2 per cent in a month and those of services remained on level with the previous month. The prices of labour inputs fell by 0.7 per cent from the previous month.

Building cost index 2015=100, August 2018

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	103.4	-0.2	2.6
By type of cost	Labour inputs	400	101.7	-0.7	2.0
	Materials	510	105.0	0.2	3.1
	Services	90	102.2	0.0	2.3
By purpose of use	Residential building	440	103.8	-0.2	2.9
	Other building construction	560	103.2	-0.2	2.3

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, August 2018 (14.9.2018)
• Appendix table 2. Residential building 2015=100, August 2018 (14.9.2018)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (14.9.2018)
• Appendix figure 2. Index clause sub-indices P 2000=100 (14.9.2018)

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Updated 14.9.2018