Home > Statistics > Building cost index > 2017 > October > Building costs rose by 0.1 per cent in October year-on-year

Published: 15 November 2017

Building costs rose by 0.1 per cent in October year-on-year

According to Statistics Finland, building costs rose by 0.1 per cent in October 2017 from one year back. The prices of materials went up by one per cent and those of services by 1.3 per cent from October 2016. At the same time, the prices of labour inputs fell by 1.3 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

From September to October, the total index of building costs grew by 0.5 per cent. The prices of services went up by 1.1 per cent in a month and the prices of materials by 0.1 per cent. The prices of labour inputs rose by 0.8 per cent from the previous month.

Building cost index 2015=100, October 2017

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	101.2	0.5	0.1
By type of cost	Labour inputs	400	100.6	0.8	-1.3
	Materials	510	101.8	0.1	1.0
	Services	90	101.0	1.1	1.3
By purpose of use	Residential building	440	101.3	0.5	0.1
	Other building construction	560	101.2	0.4	0.1

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Input indices 2015=100, October 2017 (15.11.2017)
• Appendix table 2. Residential building 2015=100, October 2017 (15.11.2017)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.11.2017)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.11.2017)

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Updated 15.11.2017