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Latest publication: Building cost index 2022, February

Published: 15 June 2018

Building costs rose by 2.1 per cent in May year-on-year

According to Statistics Finland, building costs rose by 2.1 per cent in May 2018 compared with the previous year's May. The prices of materials went up by 2.8 per cent, those of services by 1.6 per cent and those of labour inputs by 1.3 per cent compared with May 2017.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From April to May, the total index of building costs rose by 0.6 per cent. The prices of labour inputs went up by 0.8 per cent over the month and the prices of materials by 0.6 per cent. The prices of services remained unchanged from the previous month.

Building cost index 2015=100, May 2018

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 102.7 0.6 2.1
By type of cost Labour inputs 400 101.4 0.8 1.3
Materials 510 103.9 0.6 2.8
Services 90 101.6 0.0 1.6
By purpose of use Residential building 440 103.0 0.7 2.5
Other building construction 560 102.5 0.5 1.9

Source: Building cost index. Statistics Finland

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

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (283.8 kB)


Tables in databases

Appendix tables


Updated 15.06.2018

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. May 2018. Helsinki: Statistics Finland [referred: 17.5.2022].
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