Published: 13 July 2018

Building costs rose by 2.7 per cent in June year-on-year

According to Statistics Finland, building costs rose by 2.7 per cent in June 2018 compared with the previous year's June. The prices of materials went up by 3.2 per cent, those of services by 1.4 per cent and those of labour inputs by 2.5 per cent compared with June 2017. The contractual pay increases made during 2018 were visible in the price development of labour inputs.

Long term development of the Building Cost Index

From May to June, the total index of building costs increased by 0.7 per cent. The prices of labour inputs went up by one per cent over the month and the prices of materials by 0.5 per cent. The prices of services remained unchanged from the previous month.

Building cost index 2015=100, June 2018

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	103.4	0.7	2.7
By type of cost	Labour inputs	400	102.5	1.0	2.5
	Materials	510	104.4	0.5	3.2
	Services	90	101.6	0.0	1.4
By purpose of use	Residential building	440	103.7	0.7	3.0
	Other building construction	560	103.2	0.6	2.5

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

Publication in pdf-format (284.8 kB)

Tables

Tables in databases

• Database tables and their variables
• Database tables and link to archive base

Appendix tables

• Appendix table 1. Input indices 2015=100, June 2018 (13.7.2018)
• Appendix table 2. Residential building 2015=100, June 2018 (13.7.2018)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (13.7.2018)
• Appendix figure 2. Index clause sub-indices P 2000=100 (13.7.2018)

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Updated 13.7.2018