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Seasonally Adjusted Consumer Price Index/Inflation Rates Statistics Table, January 2004

Consumer Price Index of Food, Beverages and Tobacco in the National Capital Region, January 2003 to January 2004
Year and Month	CPI		Components			Month-on-Month Change
	Original	Seasonally Adjusted	Seasonal Factors	Trend Cycle	Irregular	Original	Seasonally Adjusted
2003
Jan	153.3	151.6	101.1	151.6	100.0	0.8	0.3
Feb	152.5	152.3	100.1	152.0	100.2	-0.5	0.5
Mar	151.7	152.2	99.7	152.2	100.0	-0.5	-0.1
Apr	151.8	152.2	99.7	152.3	99.9	0.1	0.0
May	152.8	152.3	100.3	152.4	99.9	0.7	0.1
Jun	155.3	155.4	99.9	152.6	101.8	1.6	2.0
July	152.8	152.9	99.9	153.0	99.9	-1.6	-1.6
Aug	153.2	153.5	99.8	153.6	100.0	0.3	0.4
Sept	153.4	154.0	99.6	154.3	99.8	0.1	0.3
Oct	154.5	155.5	99.3	155.2	100.2	0.7	1.0
Nov	155.8	156.1	99.8	156	100.1	0.8	0.4
Dec	157.4	156.4	100.6	156.7	99.8	1.0	0.2
2004
Jan	159.1	157.3	101.1	157.3	100.0	1.1	0.6

Source:  Economic Indices and Indicators Division               Industry and Trade Statistics Department               National Statistics Office               Republic of the Philippines