Published: 15 August 2018
Building costs rose by 2.8 per cent in July year-on-year
According to Statistics Finland, building costs rose by 2.8 per cent in July 2018 compared with the previous year's July. The prices of materials went up by 3.2 per cent, those of services by 2.2 per cent and those of labour inputs by 2.5 per cent compared with July 2017.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2018_07_2018-08-15_tie_001_en_001.png)
From June to July, the total index of building costs rose by 0.2 per cent. The prices of materials went up by 0.3 per cent in a month and the prices of services by 0.6 per cent. The prices of labour inputs remained unchanged from the previous month.
Building cost index 2015=100, July 2018
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 103.6 | 0.2 | 2.8 | |
By type of cost | Labour inputs | 400 | 102.5 | 0.0 | 2.5 |
Materials | 510 | 104.7 | 0.3 | 3.2 | |
Services | 90 | 102.2 | 0.6 | 2.2 | |
By purpose of use | Residential building | 440 | 104.0 | 0.3 | 3.2 |
Other building construction | 560 | 103.3 | 0.2 | 2.6 |
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 15.8.2018
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. July 2018. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2018/07/rki_2018_07_2018-08-15_tie_001_en.html