Published: 13 November 2020
Building costs rose by 0.5 per cent in October 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 0.5 per cent in October 2020 from one year back. Labour costs rose by 0.8 per cent, prices of materials by 0.3 per cent, and those of services by 0.1 per cent compared to one year earlier.
Long term development of the Building Cost Index
![Long term development of the Building Cost Index](rki_2020_10_2020-11-13_tie_001_en_001.png)
From September to October, the total index of building costs rose by 0.5 per cent. Labour costs, prices of materials and services rose by 0.5 per cent from the previous month.
Building cost index 2015=100, October 2020
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.8 | 0.5 | 0.5 | |
By type of cost | Labour inputs | 400 | 104.8 | 0.5 | 0.8 |
Materials | 510 | 105.1 | 0.5 | 0.3 | |
Services | 90 | 103.3 | 0.5 | 0.1 | |
By purpose of use | Residential building | 440 | 104.9 | 0.5 | 0.3 |
Other building construction | 560 | 104.7 | 0.5 | 0.6 |
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 13.11.2020
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. October 2020. Helsinki: Statistics Finland [referred: 17.8.2024].
Access method: http://www.stat.fi/til/rki/2020/10/rki_2020_10_2020-11-13_tie_001_en.html