Home > Statistics > Building cost index > 2016 > August > Building costs rose by 0.6 per cent in August year-on-year

Published: 15 September 2016

Building costs rose by 0.6 per cent in August year-on-year

According to Statistics Finland, building costs rose by 0.6 per cent in August 2016 compared with the previous year's August. The prices of labour inputs in construction went up by 1.2 per cent and the prices of materials by 0.3 per cent. The prices of services fell by 0.2 per cent from one year ago.

Long term development of the Building Cost Index

From July to August, the total index of building costs remained nearly unchanged. The prices of labour inputs fell by 0.2 per cent. The prices of materials went up by 0.3 per cent and those of services remained on level with the previous month.

Building cost index 2015=100, August 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,5	0,0	0,6
By type of cost	Labour inputs	400	100,8	-0,2	1,2
	Materials	510	100,5	0,3	0,3
	Services	90	99,4	0,0	-0,2
By purpose of use	Residential building	440	100,5	0,1	0,6
	Other building construction	560	100,5	0,0	0,7

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, August 2016 (15.9.2016)
• Appendix table 2. Residential building 2015=100, August 2016 (15.9.2016)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.9.2016)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.9.2016)

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Updated 15.09.2016