Home > Statistics > Building cost index > 2022 > February > Building costs rose by 7.5 per cent in February year-on-year

Published: 16 March 2022

Building costs rose by 7.5 per cent in February year-on-year

According to Statistics Finland, building costs rose by 7.5 per cent in February 2022 from one year back. The costs of materials went up by 12.1 per cent and labour costs by 3.3 per cent year-on-year. In February, the prices of services remained on level with the previous year.

Long term development of the Building Cost Index

From January to February, the total index of building costs rose by 0.6 per cent. The prices of materials went up by 1.1 per cent in a month and the prices of services by 0.4 per cent. In February, prices of labour inputs remained on level with January.

Building cost index 2021=100, February 2022

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.1	0.6	7.5
By type of cost	Labour inputs	390	101.9	0.0	3.3
	Materials	520	106.5	1.1	12.1
	Services	90	100.2	0.4	0.0
By purpose of use	Residential building	450	103.9	0.6	7.2
	Other building construction	550	104.3	0.6	7.7

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: Hannele Orjala

Publication in pdf-format (249.4 kB)

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Figures

• Appendix figure 1. Index clause sub-indices P 2000=100 (16.3.2022)

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Updated 16.03.2022