Published: 15 September 2016
Building costs rose by 0.6 per cent in August year-on-year
According to Statistics Finland, building costs rose by 0.6 per cent in August 2016 compared with the previous year's August. The prices of labour inputs in construction went up by 1.2 per cent and the prices of materials by 0.3 per cent. The prices of services fell by 0.2 per cent from one year ago.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2016_08_2016-09-15_tie_001_en_001.png)
From July to August, the total index of building costs remained nearly unchanged. The prices of labour inputs fell by 0.2 per cent. The prices of materials went up by 0.3 per cent and those of services remained on level with the previous month.
Building cost index 2015=100, August 2016
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 100,5 | 0,0 | 0,6 | |
By type of cost | Labour inputs | 400 | 100,8 | -0,2 | 1,2 |
Materials | 510 | 100,5 | 0,3 | 0,3 | |
Services | 90 | 99,4 | 0,0 | -0,2 | |
By purpose of use | Residential building | 440 | 100,5 | 0,1 | 0,6 |
Other building construction | 560 | 100,5 | 0,0 | 0,7 |
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 15.09.2016
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. August 2016. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2016/08/rki_2016_08_2016-09-15_tie_001_en.html