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Published: 15 August 2017

Building costs rose by 0.3 per cent in July year-on-year

According to Statistics Finland, building costs rose by 0.3 per cent in July 2017 compared with the previous year's July. The prices of materials rose by 1.3 per cent and those of services by 0.6 per cent compared with July of the previous year. At the same time, the prices of labour inputs fell by 1.1 per cent. The fall in the prices of labour inputs is explained by lower employer’s social security costs compared with 2016.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From June to July, the total index of building costs grew by 0.1 per cent. The prices of materials went up by 0.3 per cent and those of labour inputs remained on level with the previous month. The prices of services fell by 0.3 per cent.

Building cost index 2015=100, July 2017

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100.8 0.1 0.3
By type of cost Labour inputs 400 100.0 0.0 -1.1
Materials 510 101.5 0.3 1.3
Services 90 99.9 -0.3 0.6
By purpose of use Residential building 440 100.8 0.1 0.4
Other building construction 560 100.8 0.1 0.3

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458,

Director in charge: Sami Saarikivi

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Updated 15.08.2017

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2017. Helsinki: Statistics Finland [referred: 3.12.2023].
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