Published: 15 December 2017
Building costs rose by 0.4 per cent in November year-on-year
According to Statistics Finland, building costs rose by 0.4 per cent in November 2017 from one year back. The prices of materials rose by 1.7 per cent and those of services by 1.3 per cent compared with November of the previous year. At the same time, the prices of labour inputs fell by 1.3 per cent. The fall in the prices of labour inputs is explained by lower employer’s social security costs compared with 2016.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2017_11_2017-12-15_tie_001_en_001.png)
From October to November, the total index of building costs increased by 0.3 per cent. The prices of materials rose by 0.6 per cent in a month. The prices of labour inputs and services remained at the same level as in October.
Building cost index 2015=100, November 2017
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 101.6 | 0.3 | 0.4 | |
By type of cost | Labour inputs | 400 | 100.6 | 0.0 | -1.3 |
Materials | 510 | 102.5 | 0.6 | 1.7 | |
Services | 90 | 101.0 | 0.0 | 1.3 | |
By purpose of use | Residential building | 440 | 101.7 | 0.4 | 0.5 |
Other building construction | 560 | 101.5 | 0.2 | 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: Sami Saarikivi
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Updated 15.12.2017
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. November 2017. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2017/11/rki_2017_11_2017-12-15_tie_001_en.html