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Published: 15 July 2019

Building costs rose by 0.6 per cent in June year-on-year

According to Statistics Finland, building costs rose by 0.6 per cent in June 2019 compared with the previous year's June. The prices of labour inputs and services increased by 0.9 per cent. The prices of materials went up by 0.3 per cent from June 2018.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From May to June, the total index of building costs remained almost on level with the previous month. The prices of materials decreased by 0.7 per cent, but the prices of labour inputs increased by 1.0 per cent. The prices of services remained on level with May.

Building cost index 2015=100, June 2019

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.0 0.0 0.6
By type of cost Labour inputs 400 103.4 1.0 0.9
Materials 510 104.7 -0.7 0.3
Services 90 102.6 0.0 0.9
By purpose of use Residential building 440 104.2 -0.0 0.4
Other building construction 560 103.9 0.1 0.7

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458,

Director in charge: Mari Ylä-Jarkko

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Updated 15.07.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2019. Helsinki: Statistics Finland [referred: 9.12.2023].
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