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Building Costs Going through the Roof

Construction costs in December rose by 5.6 percent compared with a year earlier. Labour costs rose by 4.3 percent while prices for materials shot up by 6.3 percent. Other costs rose by six percent, Statistics Finland reported on Friday. However there were some signs of slowing growth in expenses. The month-on-month increase from November to December last year was just one tenth of a percentage point. Labour costs edged up by 0.1 percent and other costs by 0.8 percent, but building material expenses actually declined by 0.1 percent . YLE