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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

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,

Director in charge: Mari Ylä-Jarkko

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Updated 15.1.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. December 2019. Helsinki: Statistics Finland [referred: 6.12.2023].
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