Table 2.  Consumer Price Index of Food, Beverages and Tobacco in Areas Outside
          the National Capital Region (AONCR)
          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
--------------------------------------------------------------------------------------------

2004

          Jan       112.6       112.3      100.3   112.1      100.2        1.4          1.0
          Feb       112.6       112.6        100   112.8       99.9          0          0.3
          Mar       113.3       113.6       99.7   113.6        100        0.6          0.9
          Apr         114       114.4       99.6   114.4        100        0.6          0.7
          May       114.8       115.4       99.5   115.3        100        0.7          0.9
          Jun       116.1       116.2       99.9   116.3       99.9        1.1          0.7
          Jul       117.7       117.2      100.4   117.2      100.1        1.4          0.9
          Aug       118.5         118      100.5     118        100        0.7          0.7
          Sep       119.3       118.7      100.5   118.7        100        0.7          0.6
          Oct       119.5       119.4      100.1   119.4      100.1        0.2          0.6
          Nov       119.7       119.9       99.9     120       99.9        0.2          0.4
          Dec       120.3       120.6       99.7   120.6        100        0.5          0.6

2005

          Jan       121.5       121.2      100.3   121.2        100        1.0          0.5

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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