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Published: 14 October 2016

Building costs rose by 0.8 per cent in September year-on-year

According to Statistics Finland, building costs rose by 0.8 per cent in September 2016 compared with the previous year's September. The prices of labour inputs in construction went up by 1.1 per cent and the prices of materials by 0.7 per cent. The prices of services fell by 0.2 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From August to September, the total index of building costs grew by 0.1 per cent. The prices of labour inputs remained unchanged from the previous month. The prices of materials went up by 0.2 per cent and those of services decreased by 0.1 per cent from the month before.

Building cost index 2015=100, September 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,6 0,1 0,8
By type of cost Labour inputs 400 100,9 0,0 1,1
Materials 510 100,7 0,2 0,7
Services 90 99,3 -0,1 -0,2
By purpose of use Residential building 440 100,6 0,1 0,8
Other building construction 560 100,6 0,1 0,8

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458,

Director in charge: Mari Ylä-Jarkko

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Updated 14.10.2016

Referencing instructions:

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