Construction Cost Index for buildings, January 2025
Continued negative annual rate for the Construction Cost Index
The Construction Cost Index for multi-dwelling buildings increased by 0.4 percent in January 2025 compared with December 2024. The annual rate of change in the Construction Cost Index was -0.3 percent in January, compared with the corresponding month in 2024 (decreased by 0.6 percent in December 2024).
In brief
- The cost of diesel oil increased by 3.3 percent in January 2025 compared with December 2024 but were 3.7 percent lower compared with January 2024.
- Construction clients’ costs decreased by 10.5 percent between January 2024 and January 2025.
- Contractors’ costs of building materials increased by 3.5 compared with January 2024.
| Index | Change in percent | |||
|---|---|---|---|---|
| January | December 2024– January 2025 |
January 2024– January 2025 |
||
| Contractors' costs (82%) | 143.6 | 0.6 | 2.8 | |
| Construction clients' costs (18%) | 173.5 | ‑0.3 | ‑10.5 | |
| Total Construction cost index (100%) | 148.9 | 0.4 | ‑0.3 | |
Changes in the last month
The Construction Cost Index for multi-dwelling buildings increased by 0.4 percent between December 2024 and January 2025. This increase was due to the fact that contractors’ costs increased by 0.6 percent. Construction clients’ costs decreased by 0.3 percent. These two groups account for 82 percent and 18 percent, respectively, of the Construction Cost Index.
Costs in the group ‘transport, fuel and electricity’ increased by 1.9 percent. The cost of electricity increased the most, by 5.4 percent. The cost of diesel oil rose by 3.3 percent. Contractors’ overhead costs and costs for wages and salaries increased by 0.5 percent and 0.1 percent respectively while costs for machinery remained unchanged.
Contractors’ costs for building materials increased by 0.8 percent. The costs of material for painting and wood products increased the most, by 8.5 percent and 2.7 percent respectively.
Construction clients’ costs consist of interest and credit costs, costs for plans, and central administration. The decrease in construction clients’ costs was due to lower interest costs, which fell by 1.1 percent.
Changes in the last year
The Construction Cost Index for multi-dwelling buildings decreased by 0.3 percent between January 2024 and January 2025. Contractors’ costs rose by 2.8 percent, which led to an upward contribution to the Construction Cost Index of 2.1 percentage points. Construction clients’ costs decreased by 10.5 percent, which led to a downward contribution to the Construction Cost Index of 2.4 percentage points. The decreased construction clients’ costs was due to lower interest costs, which decreased by 23.5 percent. The remaining construction clients’ costs increased by between 0.8 percent and 4.1 percent.
Contractors’ costs for wages and salaries and overhead costs increased by 3.4 percent and 2.9 percent respectively, while costs for machinery decreased by 0.5 percent between January 2024 and January 2025. Contractors’ costs in the group ‘transport, fuel and electricity’ decreased by 2.2 percent. Within that group, the costs of electricity and diesel oil decreased by 9.7 percent and 3.7 percent respectively.
Contractors’ costs of building materials increased by 3.5 percent between January 2024 and January 2025. All costs in the building material groups rose. The costs of wood products and materials for painting increased the most, by 9.3 percent and 8.4 percent respectively.
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 2024– January 2025 |
January 2024– January 2025 |
||
| Wood products | +2.7 | +9.3 | |
| Material for painting | +8.5 | +8.4 | |
| Concrete products | +1.2 | +6.1 | |
| Woodwork | +0.6 | +3.8 | |
| Other building materials** | +0.6 | +3.5 | |
| Iron and steel* | +0.0 | +2.7 | |
| White goods | +1.8 | +2.2 | |
| Electric material | +0.4 | +1.3 | |
| Floor material | ‑0.1 | +0.6 | |
| Plumbing material | +0.4 | +0.4 | |
| Reinforcement steel | +0.1 | +0.3 | |
| Total building materials | +0.8 | +3.5 | |
* 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
2025-03-17 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.