Home > Statistics > Building cost index > 2020 > July > Building costs rose by 0.4 per cent in July year-on-year

Published: 14 August 2020

Building costs rose by 0.4 per cent in July year-on-year

Errors have been detected in the release. The data has been corrected 2 December 2020 .

According to Statistics Finland, building costs rose by 0.4 per cent in July 2020 compared with the previous year's July. Labour costs rose by 0.6 per cent and the prices of services by 0.4 per cent compared with July of the previous year. The prices of materials rose by 0.2 per cent from one year ago.

Long term development of the Building Cost Index

From June to July, the total index of building costs remained on level with the previous month. Labour costs and the prices of materials remained on level with the previous month, but the prices of services fell by 0.3 per cent.

Building cost index 2015=100, July 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.5	-0.0	0.4
By type of cost	Labour inputs	400	104.0	0.0	0.6
	Materials	510	105.2	0.0	0.2
	Services	90	102.8	-0.3	0.4
By purpose of use	Residential building	440	104.6	0.0	0.3
	Other building construction	560	104.4	-0.0	0.4

Source: Building cost index, Statistics Finland

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

Head of Department in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, July 2020 (14.8.2020)
• Appendix table 2. Residential building 2015=100, July 2020 (14.8.2020)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (14.8.2020)
• Appendix figure 2. Index clause sub-indices P 2000=100 (14.8.2020)

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Updated 14.08.2020