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Published: 15 December 2016

Building costs rose by one per cent in November year-on-year

According to Statistics Finland, building costs rose by one per cent in November 2016 compared with the previous year's November. The prices of labour inputs in construction went up by 1.4 per cent and the prices of materials by 0.9 per cent from one year back. Simultaneously, prices of service fell by 0.4 per cent.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From October to November, the total index of building costs remained on the same as in the previous month. The prices of labour inputs, materials and services all remained unchanged from October.

Building cost index 2015=100, November 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 101,1 -0,0 1,0
By type of cost Labour inputs 400 101,9 0,0 1,4
Materials 510 100,8 -0,0 0,9
Services 90 99,7 0,0 -0,4
By purpose of use Residential building 440 101,2 -0,0 1,0
Other building construction 560 101,1 0,0 1,0

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 15.12.2016

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. November 2016. Helsinki: Statistics Finland [referred: 15.4.2024].
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