Published: 14 December 2018
Building costs rose by 2.5 per cent in November year-on-year
According to Statistics Finland, building costs rose by 2.5 per cent in November 2018 from one year back. The prices of materials went up by 2.7 per cent, those of labour inputs by 2.4 per cent and those of services by 1.0 per cent compared with November 2017.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2018_11_2018-12-14_tie_001_en_001.png)
From October to November, the total index of building costs rose by 0.2 per cent. The prices of materials went up by 0.3 per cent and the prices of labour inputs by 0.2 per cent. The prices of services remained unchanged from the previous month.
Building cost index 2015=100, November 2018
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.1 | 0.2 | 2.5 | |
By type of cost | Labour inputs | 400 | 103.0 | 0.2 | 2.4 |
Materials | 510 | 105.3 | 0.3 | 2.7 | |
Services | 90 | 102.0 | 0.0 | 1.0 | |
By purpose of use | Residential building | 440 | 104.5 | 0.3 | 2.8 |
Other building construction | 560 | 103.7 | 0.2 | 2.2 |
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 14.12.2018
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. November 2018. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2018/11/rki_2018_11_2018-12-14_tie_001_en.html