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Published: 15 January 2020

Building costs rose by 0.2 per cent in December year-on-year

According to Statistics Finland, building costs rose by 0.2 per cent in December 2019 from one year back. Labour costs rose by 1.1 per cent and the prices of services by 0.9 per cent compared with December of the previous year. The prices of materials fell by 0.5 per cent from one year ago.

Long term development of the Building Cost Index

In December, the total index of building costs remained on level with November. Labour costs went up by 0.2 per cent and the prices of materials went down by 0.2 per cent. The prices of services remained unchanged from the previous month.

Building cost index 2015=100, December 2019

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.3	-0.0	0.2
By type of cost	Labour inputs	400	104.2	0.2	1.1
	Materials	510	104.7	-0.2	-0.5
	Services	90	103.2	0.0	0.9
By purpose of use	Residential building	440	104.5	-0.0	0.0
	Other building construction	560	104.2	0.0	0.4

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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Appendix tables

• Appendix table 1. Input indices 2015=100, December 2019 (15.1.2020)
• Appendix table 2. Residential building 2015=100, December 2019 (15.1.2020)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.1.2020)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.1.2020)

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Updated 15.1.2020