Home > Statistics > Building cost index > 2018 > November > Building costs rose by 2.5 per cent in November year-on-year

Published: 14 December 2018

Building costs rose by 2.5 per cent in November year-on-year

According to Statistics Finland, building costs rose by 2.5 per cent in November 2018 from one year back. The prices of materials went up by 2.7 per cent, those of labour inputs by 2.4 per cent and those of services by 1.0 per cent compared with November 2017.

Long term development of the Building Cost Index

From October to November, the total index of building costs rose by 0.2 per cent. The prices of materials went up by 0.3 per cent and the prices of labour inputs by 0.2 per cent. The prices of services remained unchanged from the previous month.

Building cost index 2015=100, November 2018

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.1	0.2	2.5
By type of cost	Labour inputs	400	103.0	0.2	2.4
	Materials	510	105.3	0.3	2.7
	Services	90	102.0	0.0	1.0
By purpose of use	Residential building	440	104.5	0.3	2.8
	Other building construction	560	103.7	0.2	2.2

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, November 2018 (14.12.2018)
• Appendix table 2. Residential building 2015=100, November 2018 (14.12.2018)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (14.12.2018)
• Appendix figure 2. Index clause sub-indices P 2000=100 (14.12.2018)

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Updated 14.12.2018