Published: 13 December 2019
Building costs rose by 0.3 per cent in November year-on-year
According to Statistics Finland, building costs rose by 0.3 per cent in November 2019 from one year back. The prices of services rose by 1.2 per cent and labour costs by 0.9 per cent compared with November of the previous year. The prices of materials fell by 0.4 per cent from one year ago.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2019_11_2019-12-13_tie_001_en_001.png)
In November, the total index of building costs remained on level with October. The prices of materials rose by 0.1 per cent. The prices of labour inputs and services remained unchanged from the previous month.
Building cost index 2015=100, November 2019
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.4 | 0.0 | 0.3 | |
By type of cost | Labour inputs | 400 | 104.0 | 0.0 | 0.9 |
Materials | 510 | 104.9 | 0.1 | -0.4 | |
Services | 90 | 103.2 | 0.0 | 1.2 | |
By purpose of use | Residential building | 440 | 104.6 | 0.0 | 0.0 |
Other building construction | 560 | 104.2 | 0.0 | 0.5 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Eetu Toivanen 029 551 3331, info@stat.fi
Director in charge: Mari Ylä-Jarkko
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Updated 13.12.2019
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. November 2019. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2019/11/rki_2019_11_2019-12-13_tie_001_en.html