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Published: 15 July 2016

Building costs rose by 0.7 per cent in June year-on-year

According to Statistics Finland, building costs rose by 0.7 per cent in June 2016 compared with the previous year's June. Prices of labour inputs in construction went up by 1.3 per cent, prices of material inputs by 0.3 per cent, and those of services by 0.2 per cent from one year back.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From May to June, the total index of building costs increased by 0.1 per cent. The prices of labour inputs fell by 0.1 per cent. The prices of material inputs went up by 0.4 per cent and those of services remained unchanged from the month before.

Building cost index 2015=100, June 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,5 0,1 0,7
By type of cost Labour inputs 400 101,0 -0,1 1,3
Materials 510 100,3 0,4 0,3
Services 90 100,0 0,0 0,2
By purpose of use Residential building 440 100,5 0,2 0,7
Other building construction 560 100,6 0,1 0,8

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458,

Director in charge: Mari Ylä-Jarkko

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Updated 15.07.2016

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2016. Helsinki: Statistics Finland [referred: 16.4.2024].
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