Construction price index

The construction price index expresses the change in the cost of construction taking into consideration the price changes of basic inputs. These are divided into three main groups: labour, building materials and building machines.

The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings and office buildings. Price information is collected with a sample survey covering construction, rental and wholesale companies and retail enterprises in ten regions to achieve sufficient regional and statistical coverage.

The construction price index is published quarterly.

Statistics Estonia collects and analyses data for the construction price index for the Ministry of Economic Affairs and Communications to understand how the Estonian economy is doing. Construction is one of the key components of investment activities. By monitoring the costs associated with construction we can assess the investment climate and the current economic situation and also see trends over time and by region.