Published: 16 March 2022
Building costs rose by 7.5 per cent in February year-on-year
According to Statistics Finland, building costs rose by 7.5 per cent in February 2022 from one year back. The costs of materials went up by 12.1 per cent and labour costs by 3.3 per cent year-on-year. In February, the prices of services remained on level with the previous year.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2022_02_2022-03-16_tie_001_en_001.png)
From January to February, the total index of building costs rose by 0.6 per cent. The prices of materials went up by 1.1 per cent in a month and the prices of services by 0.4 per cent. In February, prices of labour inputs remained on level with January.
Building cost index 2021=100, February 2022
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.1 | 0.6 | 7.5 | |
By type of cost | Labour inputs | 390 | 101.9 | 0.0 | 3.3 |
Materials | 520 | 106.5 | 1.1 | 12.1 | |
Services | 90 | 100.2 | 0.4 | 0.0 | |
By purpose of use | Residential building | 450 | 103.9 | 0.6 | 7.2 |
Other building construction | 550 | 104.3 | 0.6 | 7.7 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi
Head of Department in charge: Hannele Orjala
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Updated 16.03.2022
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. February 2022. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2022/02/rki_2022_02_2022-03-16_tie_001_en.html