Home > Statistics > Building cost index > 2019 > January > Building costs rose by 1.9 per cent in January year-on-year

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

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, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, January 2019 (15.2.2019)
• Appendix table 2. Residential building 2015=100, January 2019 (15.2.2019)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.2.2019)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.2.2019)

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Updated 15.02.2019