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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

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

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. July 2020. Helsinki: Statistics Finland [referred: 9.12.2022].
Access method: http://www.stat.fi/til/rki/2020/07/rki_2020_07_2020-08-14_tie_001_en.html