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Published: 15 June 2020

Building costs rose by 0.3 per cent in May 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 0.3 per cent in May 2020 compared with the previous year's May. Labour costs rose by 1.7 per cent and the prices of services by 0.5 per cent compared with May of the previous year. The prices of materials fell by 0.7 per cent from one year ago.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From April to May, the total index of building costs rose by 0.1 per cent. The prices of labour costs rose by 0.3 per cent. The prices of materials and services remained unchanged in May from the previous month.

Building cost index 2015=100, May 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.3 0.1 0.3
By type of cost Labour inputs 400 104.0 0.3 1.7
Materials 510 104.7 -0.0 -0.7
Services 90 103.1 0.0 0.5
By purpose of use Residential building 440 104.4 0.2 0.2
Other building construction 560 104.2 0.0 0.5

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458,

Head of Department in charge: Mari Ylä-Jarkko

Publication in pdf-format (298.9 kB)


Tables in databases

Appendix tables


Updated 15.06.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. May 2020. Helsinki: Statistics Finland [referred: 9.12.2022].
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