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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

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,

Director in charge: Mari Ylä-Jarkko

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Updated 13.12.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. November 2019. Helsinki: Statistics Finland [referred: 5.12.2023].
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