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Published: 13 July 2018

Building costs rose by 2.7 per cent in June year-on-year

According to Statistics Finland, building costs rose by 2.7 per cent in June 2018 compared with the previous year's June. The prices of materials went up by 3.2 per cent, those of services by 1.4 per cent and those of labour inputs by 2.5 per cent compared with June 2017. The contractual pay increases made during 2018 were visible in the price development of labour inputs.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From May to June, the total index of building costs increased by 0.7 per cent. The prices of labour inputs went up by one per cent over the month and the prices of materials by 0.5 per cent. The prices of services remained unchanged from the previous month.

Building cost index 2015=100, June 2018

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 103.4 0.7 2.7
By type of cost Labour inputs 400 102.5 1.0 2.5
Materials 510 104.4 0.5 3.2
Services 90 101.6 0.0 1.4
By purpose of use Residential building 440 103.7 0.7 3.0
Other building construction 560 103.2 0.6 2.5

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458,

Director in charge: Mari Ylä-Jarkko

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Updated 13.7.2018

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2018. Helsinki: Statistics Finland [referred: 26.9.2023].
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