According to Statistics Finland, the construction costs in the excavation industry increased by 0.8% from June 2022 to June 2023. The annual change in costs varied between sub-indices, with rock structures rising by 8.8% and surfacing decreasing by 10.0%.
Graph: The index’s baseline in 2015 is set at 100. The overall index has shown a relatively steady increase throughout the entire time series. Sub-indices for surfacing have experienced sharp fluctuations, especially with a stronger increase in 2021. Meanwhile, excavation costs have shown stable development.
Key Points:
- The largest cost increases were seen in self-owned equipment costs (7.0%) and purchased transportation services (7.3%).
- On the other hand, the costs decreased the most in materials (-5.0%) over the course of the year.
- The overall index declined by 0.2% compared to the previous month.