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

Consumer Price Index of Nonfood, Beverages and Tobacco Items 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	189.4	189.5	99.9	188.6	100.5	1.7	1.2
Feb	190.4	189.4	100.5	189.6	99.9	0.5	-0.1
Mar	191.5	190.6	100.5	190.4	100.1	0.6	0.6
Apr	191.7	191.1	100.3	190.8	100.1	0.1	0.3
May	191.0	190.9	100.0	191.4	99.8	-0.4	-0.1
Jun	193.2	192.0	100.6	192.2	99.9	1.2	0.6
July	193.6	193.1	100.2	193.2	99.9	0.2	0.6
Aug	194.2	194.9	99.7	194.4	100.2	0.3	0.9
Sept	194.6	195.3	99.6	195.4	99.9	0.2	0.2
Oct	195.2	196.2	99.5	196.1	100.0	0.3	0.5
Nov	195.6	196.6	99.5	196.5	100.0	0.2	0.2
Dec	196.0	197.0	99.5	196.9	100.1	0.2	0.2
2004
Jan	196.8	196.9	100.0	197.6	99.6	0.4	-0.1

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