Table 1.  Consumer Price Index of Food, Beverages and Tobacco in the National Capital Region,
          January 2004 to January 2005

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               |          CPI         |         Components          | Month-on-Month Change
Year    Month  | Original  Seasonally | Seasonal   Trend            | Original   Seasonally
               |             Adjusted |  Factors   Cycle  Irregular |              Adjusted
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2004


        Jan        112.4        111.6      100.7   111.7       99.9        1.2          1.1
        Feb        112.4        112.5       99.9   112.5        100          0          0.8
        Mar        112.9        113.3       99.7   113.3        100        0.4          0.7
        Apr        113.8        114.2       99.6   114.1      100.1        0.8          0.8
        May        114.9        114.8      100.1   114.7        100          1          0.5
        Jun        115.5        115.2      100.2   115.3        100        0.5          0.3
        Jul        116.3        115.8      100.4   115.8        100        0.7          0.5
        Aug        116.5        116.3      100.2   116.3        100        0.2          0.4
        Sep        116.5        116.8       99.7   116.9        100          0          0.4
        Oct        116.8        117.5       99.4   117.4        100        0.3          0.6
        Nov        116.3        117.1       99.3   117.9       99.3       -0.4         -0.3
        Dec        119.4        118.6      100.6   118.2      100.4        2.7          1.3

2005

        Jan          119        118.2      100.7   118.4       99.8       -0.3         -0.3

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

Page last updated:   February 4, 2005