Published: 14 August 2020
Building costs rose by 0.4 per cent in July year-on-year
Errors have been detected in the release. The data has been corrected 2 December 2020 .
According to Statistics Finland, building costs rose by 0.4 per cent in July 2020 compared with the previous year's July. Labour costs rose by 0.6 per cent and the prices of services by 0.4 per cent compared with July of the previous year. The prices of materials rose by 0.2 per cent from one year ago.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2020_07_2020-08-14_tie_001_en_001.png)
From June to July, the total index of building costs remained on level with the previous month. Labour costs and the prices of materials remained on level with the previous month, but the prices of services fell by 0.3 per cent.
Building cost index 2015=100, July 2020
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.5 | -0.0 | 0.4 | |
By type of cost | Labour inputs | 400 | 104.0 | 0.0 | 0.6 |
Materials | 510 | 105.2 | 0.0 | 0.2 | |
Services | 90 | 102.8 | -0.3 | 0.4 | |
By purpose of use | Residential building | 440 | 104.6 | 0.0 | 0.3 |
Other building construction | 560 | 104.4 | -0.0 | 0.4 |
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: Mari Ylä-Jarkko
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Updated 14.08.2020
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. July 2020. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2020/07/rki_2020_07_2020-08-14_tie_001_en.html