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Published: 15 February 2019

Building costs rose by 1.9 per cent in January year-on-year

According to Statistics Finland, building costs rose by 1.9 per cent in January 2019 from one year back. The prices of materials went up by 2.5 per cent, those of labour inputs by 1.4 per cent and those of services by 0.7 per cent compared with January 2018.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From December to January, the total index of building costs fell by 0.2 per cent. The prices of labour inputs went down by 0.6 per cent and at the same time, the prices of services rose by 0.1 per cent. The prices of materials remained unchanged from the previous month.

Building cost index 2015=100, January 2019

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 103.9 -0.2 1.9
By type of cost Labour inputs 400 102.4 -0.6 1.4
Materials 510 105.3 0.0 2.5
Services 90 102.4 0.1 0.7
By purpose of use Residential building 440 104.2 -0.3 2.1
Other building construction 560 103.6 -0.2 1.8

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458,

Director in charge: Mari Ylä-Jarkko

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Updated 15.02.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. January 2019. Helsinki: Statistics Finland [referred: 6.12.2023].
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