Home > Statistics > Building cost index > 2019 > August > Building costs rose by 0.9 per cent in August year-on-year

Published: 13 September 2019

Building costs rose by 0.9 per cent in August year-on-year

According to Statistics Finland, building costs rose by 0.9 per cent in August 2019 compared with the previous year. The prices of labour inputs increased by 1.6 per cent. The prices of materials rose by 0.5 per cent and those of services by 0.1 per cent compared with August of the previous year.

Long term development of the Building Cost Index

From July to August, the total index of building costs rose by 0.3 per cent. The prices of materials went up by 0.5 per cent and the prices of labour inputs by 0.1 per cent. The prices of services remained unchanged in August from the previous month.

Building cost index 2015=100, August 2019

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.4	0.3	0.9
By type of cost	Labour inputs	400	103.4	0.1	1.6
	Materials	510	105.5	0.5	0.5
	Services	90	102.3	0.0	0.1
By purpose of use	Residential building	440	104.6	0.3	0.8
	Other building construction	560	104.2	0.3	1.0

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, 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 2019 (13.9.2019)
• Appendix table 2. Residential building 2015=100, August 2019 (13.9.2019)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (13.9.2019)
• Appendix figure 2. Index clause sub-indices P 2000=100 (13.9.2019)

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Updated 13.09.2019