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Latest publication: Building cost index 2022, February

Published: 2 December 2020

Corrected release 10/2020: Building costs fell by 0.3 per cent in October 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 0.3 per cent in October 2020 from one year back. Labour costs fell by 1.2 per cent. Prices of materials rose by 0.3 per cent and those of services by 0.1 per cent compared to one year earlier.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From September to October, the total index of building costs rose by 0.5 per cent. Labour costs, prices of materials and services rose by 0.5 per cent from the previous month.

Building cost index 2015=100, October 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.0 0.5 -0.3
By type of cost Labour inputs 400 102.7 0.5 -1.2
Materials 510 105.1 0.5 0.3
Services 90 103.3 0.5 0.1
By purpose of use Residential building 440 104.0 0.5 -0.5
Other building construction 560 103.9 0.5 -0.2

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 (297.9 kB)


Tables in databases

Appendix tables


Updated 2.12.2020

Referencing instructions:

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