Published: 15 January 2020
Building costs rose by 0.2 per cent in December year-on-year
According to Statistics Finland, building costs rose by 0.2 per cent in December 2019 from one year back. Labour costs rose by 1.1 per cent and the prices of services by 0.9 per cent compared with December of the previous year. The prices of materials fell by 0.5 per cent from one year ago.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2019_12_2020-01-15_tie_001_en_001.png)
In December, the total index of building costs remained on level with November. Labour costs went up by 0.2 per cent and the prices of materials went down by 0.2 per cent. The prices of services remained unchanged from the previous month.
Building cost index 2015=100, December 2019
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.3 | -0.0 | 0.2 | |
By type of cost | Labour inputs | 400 | 104.2 | 0.2 | 1.1 |
Materials | 510 | 104.7 | -0.2 | -0.5 | |
Services | 90 | 103.2 | 0.0 | 0.9 | |
By purpose of use | Residential building | 440 | 104.5 | -0.0 | 0.0 |
Other building construction | 560 | 104.2 | 0.0 | 0.4 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Eetu Toivanen 029 551 3331, info@stat.fi
Director in charge: Mari Ylä-Jarkko
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Updated 15.1.2020
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. December 2019. Helsinki: Statistics Finland [referred: 18.8.2024].
Access method: http://www.stat.fi/til/rki/2019/12/rki_2019_12_2020-01-15_tie_001_en.html