Published: 17 February 2011
Building costs were 2.5 per cent higher in January 2011 than in January 2010. Labour costs in construction rose by 0.4 per cent and prices of materials by 3.8 per cent in the year. Those of other inputs rose by 2.4 per cent. This is indicated by the Building Cost Index of Statistics Finland.
Building Cost Index (2005=100) and its year-on-year and month-on-month changes
1/2010 - 1/2011
12/2010 - 1/2011
|Building trade newbuilding|
|By type of building|
|Blocks of flats||117.2||3.3||0.4|
|Detached residential houses||115.5||2.4||0.2|
|Office and commercial buildings||115.6||2.4||0.5|
|Industrial and warehouse buildings||115.8||2.3||0.4|
|Agricultural production buildings||120.5||5.0||0.2|
From December to January, the total index rose by 0.4 per cent. The prices for labour rose by 0.4 per cent, the prices of materials by 0.3 per cent and the prices for those of other inputs by 0.7 per cent.
The Building Cost Index will be released with the new base year 2010 latest in April 2011.
Source: Building cost index 2011, January. Statistics Finland
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Director in charge: Ms Hannele Orjala
Last updated 17.2.2011