A more recent publication of this set of statistics is available.

Latest publication: Building cost index 2020, August

Published: 15 July 2020

Building costs rose by 0.5 per cent in June year-on-year

According to Statistics Finland, building costs rose by 0.5 per cent in June 2020 compared with the previous year's June. Labour costs rose by 0.6 per cent and the prices of services by 0.5 per cent compared with June of the previous year. The prices of materials rose by 0.4 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From May to June, the total index of building costs increased by 0.2 per cent. The labour costs and prices of services remained unchanged from the previous month, but the prices of materials increased by 0.4 per cent.

Building cost index 2015=100, June 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.5 0.2 0.5
By type of cost Labour inputs 400 104.0 -0.0 0.6
Materials 510 105.1 0.4 0.4
Services 90 103.0 0.0 0.5
By purpose of use Residential building 440 104.5 0.2 0.4
Other building construction 560 104.5 0.2 0.6

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Director in charge: Mari Ylä-Jarkko

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Updated 15.07.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. June 2020. Helsinki: Statistics Finland [referred: 20.9.2020].
Access method: http://www.stat.fi/til/rki/2020/06/rki_2020_06_2020-07-15_tie_001_en.html