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Published: 15 November 2019

Building costs rose by 0.5 per cent in October year-on-year

According to Statistics Finland, building costs rose by 0.5 per cent in October 2019 from one year back. The prices of labour inputs and services both rose by 1.2 per cent compared to October 2018. Simultaneously, prices of materials fell by 0.2 per cent.

Long term development of the Building Cost Index

From September to October, the total index of building costs declined by 0.1 per cent. The prices of materials fell by 0.8 per cent. The prices of materials, in turn, went up by 0.6 per cent and those of services by 0.9 per cent from the month before.

Building cost index 2015=100, October 2019

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.3	-0.1	0.5
By type of cost	Labour inputs	400	104.0	0.6	1.2
	Materials	510	104.8	-0.8	-0.2
	Services	90	103.2	0.9	1.2
By purpose of use	Residential building	440	104.6	-0.2	0.4
	Other building construction	560	104.1	-0.1	0.6

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, October 2019 (15.11.2019)
• Appendix table 2. Residential building 2015=100, October 2019 (15.11.2019)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.11.2019)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.11.2019)

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Updated 15.11.2019