Construction Cost Index for buildings, January 2024
Nearly unchanged Construction Cost Index in January 2024
Statistical news from Statistics Sweden 2024-02-15 8.00
The Construction Cost Index for multi-dwelling buildings increased by 0.1 percent in January 2024 compared with December 2023. The annual rate of change in the Construction Cost Index was 3.7 percent in January, compared with the corresponding month in 2023, down from 5.9 percent in December.
In brief
- The costs of diesel oil decreased by 17.8 percent in January 2024 compared with December 2023.
- The costs for electricity increased by 3.0 percent in January 2024 compared with October 2023 but were 54.5 percent lower compared with the corresponding month in 2023.
- Interest costs increased by 26.4 percent between January 2023 and January 2024.
- The annual rate for costs of reinforcement steel and iron and steel including reinforcement steel continues to fall.
Index | Change in percent | |||
---|---|---|---|---|
January | December 2023– January 2024 |
January 2023– January 2024 |
||
Contractors' costs (82%) | 139.7 | 0.0 | 0.8 | |
Construction clients' costs (18%) | 193.8 | 0.1 | 14.3 | |
Total Construction cost index (100%) | 149.4 | 0.1 | 3.7 |
Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax.
The width of the bars represents the production factor’s weight share in percent in the calculation of the Construction Cost Index for multi-dwelling buildings. The height of the bars represents the average price development of each production factor.
Goods | Change in percent | ||
---|---|---|---|
December 2023– January 2024 |
January 2023– January 2024 |
||
White goods | +4.1 | +8.6 | |
Woodwork | +0.1 | +5.7 | |
Material for painting | +0.6 | +4.4 | |
Plumbing material | +0.4 | +4.0 | |
Other building materials** | ‑0.8 | +3.8 | |
Concrete products | +0.5 | +1.8 | |
Electric material | ‑0.5 | +0.8 | |
Wood products | +1.1 | +0.4 | |
Floor material | +0.0 | ‑0.3 | |
Iron and steel* | ‑0.2 | ‑4.2 | |
Reinforcement steel | +0.4 | ‑8.7 | |
Total building materials | +0.2 | +1.6 |
* Includes reinforcement steel. ** Includes materials for thermal insulation, garbage equipment, gypsum and wood-based boards.
Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax
The width of the bars represents the construction material group’s weight share in percent of all construction material in the calculation of the Construction Cost Index for multi-dwelling buildings. The height of the bars represents the average price development of each product category.
Next publishing will be
2024-03-15 08.00.
Statistical Database
More information is available in the Statistical Database
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.