Topics
Housing and constructionPrices and consumption

Building costs rose by 7.5 % in March 2022 year-on-year

Statistics:
Reference period:
2022, March
Published:
Next release:
Publication type:
release

According to Statistics Finland, building costs rose by 7.5 % in March 2022 from one year back. In one year, the prices of steel structures, timber structures, frame structures and roofing materials have increased most. The price of timber products, which increased heavily during last year, is slowly falling, as the price of timber structures has declined in March by 1.3 % from one month ago. The prices of steel structures have grown by 2.3 % in one month and by 34 % in one year.

Line chart. The starting point of the index in 2000 is 100. The figure shows the index point figures of the Building Cost Index 2000=100 by cost item: total index, labour inputs, materials, services. The index has risen slightly year by year as concerns the total index, labour, materials and services. At the turn of 2008 and 2009, the fall in the prices of services and materials also turned the total index into a decline for around one year. In summer 2021, there was a sharp rise in the prices of materials, which pushed the total index up considerably.

Key points

  • Building costs rose by 7.5 % year-on-year.
  • The costs of materials rose by 12.1 % from one year ago.
  • Labour costs rose by 3.3 % from one year ago.
  • The prices of services remained on level with March 2021.
  • The total index went up by 0.2 % from the month before.

Building cost index 2021=100, March 2022

Index figureMonthly change, %Annual change, %
0 Total index104.30.27.5
01 Labour101.90.03.3
02 Materials106.80.312.1
03 Services100.20.00.0

Building Cost Index 2021=100 by purpose of use, March 2022

Index figureMonthly change, %Annual change, %
0 Total index104.30.27.5
01 Residential building104.00.27.2
02 Other building construction104.50.27.8

Figures

See key statistical data in the figures.
14.04.2022

Index clause sub-indices P 2000=100, March 2022

Database tables

Database tables related to this release

Updated database tables
Classifications used:
  • Base year
  • Index
Updated:
15.06.2022
Classifications used:
  • Base year
Updated:
15.06.2022
Classifications used:
  • Index
  • Base year
Updated:
15.06.2022
Classifications used:
  • Transfer price coefficient
Updated:
15.06.2022
Classifications used:
  • Index
  • Base year
Updated:
15.06.2022

Background information

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Statistical experts

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Liina Arhosalo
Senior Statistician
029 551 3612
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