Published: 2 December 2020
Corrected release 06/2020: Building costs fell by 0.3 per cent in June year-on-year
Data of the building cost index has been corrected from May 2020 to October 2020. Further information in this newsletter .
According to Statistics Finland, building costs fell by 0.3 per cent in June 2020 compared with the previous year's June. The prices of services rose by 0.5 per cent and the prices of materials rose by 0,4 per cent compared with June of the previous year. Labour costs fell by 1,4 per cent from one year ago.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2020_06_2020-12-02_tie_001_en_001.png)
From May to June, the total index of building increased by 0.2 per cent. The prices of materials rose by 0,4 per cent. The prices of labour costs and services remained unchanged in June from the previous month.
Building cost index 2015=100, June 2020
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 103.6 | 0.2 | -0.3 | |
By type of cost | Labour inputs | 400 | 101.9 | -0.0 | -1.4 |
Materials | 510 | 105.1 | 0.4 | 0.4 | |
Services | 90 | 103.0 | 0.0 | 0.5 | |
By purpose of use | Residential building | 440 | 103.7 | 0.2 | -0.5 |
Other building construction | 560 | 103.6 | 0.2 | -0.2 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi
Head of Department in charge: Hannele Orjala
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Updated 2.12.2020
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. June 2020. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2020/06/rki_2020_06_2020-12-02_tie_001_en.html