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Latest publication: Building cost index 2022, February

Published: 2 December 2020

Corrected release 09/2020: Building costs fell by 0.9 per cent in September year-on-year

Data of the building cost index has been corrected from May 2020 to October 2020. Further information in this newsletter .

According to Statistics Finland, building costs fell by 0.9 per cent in September 2020 compared with the previous year. Labour costs fell by 1.2 per cent and prices of materials by 1.0 per cent. The prices of services went up by 0.5 per cent from one year back.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From August to September, the total index of building costs grew by 0.4 per cent. Labour costs went up by 1.1 per cent and the prices of services by 0.4 per cent. The prices of materials went down by 0.2 per cent from the previous month.

Building cost index 2015=100, September 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 103.5 0.4 -0.9
By type of cost Labour inputs 400 102.2 1.1 -1.2
Materials 510 104.6 -0.2 -1.0
Services 90 102.8 0.4 0.5
By purpose of use Residential building 440 103.5 0.3 -1.2
Other building construction 560 103.4 0.4 -0.8

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458,

Head of Department in charge: Hannele Orjala

Publication in pdf-format (298.9 kB)


Tables in databases

Appendix tables


Updated 02.12.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. September 2020. Helsinki: Statistics Finland [referred: 19.5.2022].
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