Published: 15 July 2016
Building costs rose by 0.7 per cent in June year-on-year
According to Statistics Finland, building costs rose by 0.7 per cent in June 2016 compared with the previous year's June. Prices of labour inputs in construction went up by 1.3 per cent, prices of material inputs by 0.3 per cent, and those of services by 0.2 per cent from one year back.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2016_06_2016-07-15_tie_001_en_001.png)
From May to June, the total index of building costs increased by 0.1 per cent. The prices of labour inputs fell by 0.1 per cent. The prices of material inputs went up by 0.4 per cent and those of services remained unchanged from the month before.
Building cost index 2015=100, June 2016
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 100,5 | 0,1 | 0,7 | |
By type of cost | Labour inputs | 400 | 101,0 | -0,1 | 1,3 |
Materials | 510 | 100,3 | 0,4 | 0,3 | |
Services | 90 | 100,0 | 0,0 | 0,2 | |
By purpose of use | Residential building | 440 | 100,5 | 0,2 | 0,7 |
Other building construction | 560 | 100,6 | 0,1 | 0,8 |
Source: Building cost index. Statistics Finland
Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi
Director in charge: Mari Ylä-Jarkko
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Updated 15.07.2016
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. June 2016. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2016/06/rki_2016_06_2016-07-15_tie_001_en.html