Building costs rise by 9.4% in April

Building costs rose by 9.4 per cent in April 2022 from one year back, according to Statistics Finland.

The costs of materials and several commodity groups rose particularly. Among materials, the prices of steel structures rose most.

In April, the costs of timber structures made a clear upturn again and were close to the peak experienced in September 2021.

The costs of materials rose by 15.2 per cent from one year back while labour costs went up by 3.6 per cent.

The prices of services increased by 1.7 per cent.

The total index went up by 2.3 per cent from the month before.