Published: 15 October 2019
Building costs rose by 0.8 per cent in September year-on-year
According to Statistics Finland, building costs rose by 0.8 per cent in September 2019 compared with the previous year's September. The prices of labour inputs went up by 1.6 per cent and the prices of materials by 0.4 per cent. The prices of services remained unchanged from the previous year.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2019_09_2019-10-15_tie_001_en_001.png)
From August to September, the total index of building costs grew by 0.1 per cent. The prices of materials went up by 0.2 per cent and those of labour inputs remained on level with August. Service costs fell by 0.1 per cent in September from the previous month.
Building cost index 2015=100, September 2019
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.4 | 0.1 | 0.8 | |
By type of cost | Labour inputs | 400 | 103.4 | -0.0 | 1.6 |
Materials | 510 | 105.7 | 0.2 | 0.4 | |
Services | 90 | 102.3 | -0.1 | 0.0 | |
By purpose of use | Residential building | 440 | 104.7 | 0.2 | 0.8 |
Other building construction | 560 | 104.2 | 0.0 | 0.9 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi
Director in charge: Mari Ylä-Jarkko
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Updated 15.10.2019
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. September 2019. Helsinki: Statistics Finland [referred: 11.5.2024].
Access method: http://www.stat.fi/til/rki/2019/09/rki_2019_09_2019-10-15_tie_001_en.html