Published: 13 April 2018
Building costs rose by 1.6 per cent in March year-on-year
According to Statistics Finland, building costs rose by 1.6 per cent in March 2018 from one year back. The prices of materials went up by 2.4 per cent, those of services by 2.1 per cent and those of labour inputs by 0.6 per cent compared with March 2017.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2018_03_2018-04-13_tie_001_en_001.png)
From February to March, the total index of building costs remained unchanged. The prices of labour inputs, materials and services all remained unchanged from February.
Building cost index 2015=100, March 2018
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 102.1 | 0.0 | 1.6 | |
By type of cost | Labour inputs | 400 | 101.0 | 0.0 | 0.6 |
Materials | 510 | 103.0 | -0.0 | 2.4 | |
Services | 90 | 101.7 | 0.0 | 2.1 | |
By purpose of use | Residential building | 440 | 102.2 | -0.0 | 1.8 |
Other building construction | 560 | 102.0 | 0.0 | 1.5 |
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 13.04.2018
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. March 2018. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2018/03/rki_2018_03_2018-04-13_tie_001_en.html