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Published: 15 January 2019

Building costs rose by 2.4 per cent in December year-on-year

According to Statistics Finland, building costs rose by 2.4 per cent in December 2018 from one year back. The prices of materials went up by 2.6 per cent, those of labour inputs by 2.4 per cent and those of services by 1.3 per cent compared with December 2017.

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 remained on level with the previous month. The prices of services rose by 0.3 per cent. The prices of materials and labour inputs also remained unchanged from the previous month.

Building cost index 2015=100, December 2018

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.1 0.0 2.4
By type of cost Labour inputs 400 103.0 0.0 2.4
Materials 510 105.2 -0.0 2.6
Services 90 102.3 0.3 1.3
By purpose of use Residential building 440 104.5 -0.0 2.7
Other building construction 560 103.8 0.1 2.2

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 15.01.2019

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. December 2018. Helsinki: Statistics Finland [referred: 3.3.2024].
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