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Published: 13 January 2017

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

According to Statistics Finland, building costs rose by one per cent in December 2016 compared with the previous year's December. 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 services fell by 0.4 per cent.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From November to December, the total index of building costs fell by 0.2 per cent. The prices of labour inputs and services remained unchanged from the previous month. By contrast, the prices of materials fell by 0.4 per cent from the previous month.

Building cost index 2015=100, December 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,9 -0,2 1,0
By type of cost Labour inputs 400 101,9 0,0 1,4
Materials 510 100,4 -0,4 0,9
Services 90 99,7 0,0 -0,4
By purpose of use Residential building 440 100,9 -0,3 0,9
Other building construction 560 101,0 -0,2 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 13.01.2017

Referencing instructions:

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