Published: 13 April 2018

Building costs rose by 1.6 per cent in March year-on-year

According to Statistics Finland, building costs rose by 1.6 per cent in March 2018 from one year back. The prices of materials went up by 2.4 per cent, those of services by 2.1 per cent and those of labour inputs by 0.6 per cent compared with March 2017.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From February to March, the total index of building costs remained unchanged. The prices of labour inputs, materials and services all remained unchanged from February.

Building cost index 2015=100, March 2018

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 102.1 0.0 1.6
By type of cost Labour inputs 400 101.0 0.0 0.6
Materials 510 103.0 -0.0 2.4
Services 90 101.7 0.0 2.1
By purpose of use Residential building 440 102.2 -0.0 1.8
Other building construction 560 102.0 0.0 1.5

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Sami Saarikivi

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Updated 13.04.2018

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. March 2018. Helsinki: Statistics Finland [referred: 26.4.2018].
Access method: http://www.stat.fi/til/rki/2018/03/rki_2018_03_2018-04-13_tie_001_en.html

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