Published: 15 March 2017
Building costs rose by 0.3 per cent in February year-on-year
According to Statistics Finland, building costs rose by 0.3 per cent in February 2017 from one year back. The prices of materials went up by 0.8 per cent and the prices of services by 1.3 per cent. The prices of labour inputs in construction, in turn, fell by 0.6 per cent compared with February of the previous year. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2017_02_2017-03-15_tie_001_en_001.png)
From January to February, the total index of building costs fell by 0.1 per cent. The prices of labour inputs went down by 0.2 per cent and the prices of materials by 0.1 per cent. The prices of services remained unchanged from the previous month.
Building cost index 2015=100, February 2017
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 100,4 | -0,1 | 0,3 | |
By type of cost | Labour inputs | 400 | 100,4 | -0,2 | -0,6 |
Materials | 510 | 100,5 | -0,1 | 0,8 | |
Services | 90 | 99,7 | 0,0 | 1,3 | |
By purpose of use | Residential building | 440 | 100,3 | -0,1 | 0,2 |
Other building construction | 560 | 100,4 | -0,1 | 0,3 |
Source: Building cost index. Statistics Finland
Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi
Director in charge: Mari Ylä-Jarkko
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Updated 15.03.2017
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. February 2017. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2017/02/rki_2017_02_2017-03-15_tie_001_en.html