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

          Mar       112.9       113.3       99.7   113.3      100.0        0.4          0.7
          Apr       113.8       114.2       99.7   114.1      100.1        0.8          0.8
          May       114.9       114.7      100.2   114.7      100.0        1.0          0.4
          Jun       115.5       115.2      100.3   115.3      100.0        0.5          0.4
          Jul       116.3       115.8      100.4   115.8      100.0        0.7          0.5
          Aug       116.5       116.3      100.2   116.3      100.0        0.2          0.4
          Sep       116.5       116.9       99.7   116.9      100.0        0.0          0.5
          Oct       116.8       117.5       99.4   117.4      100.0        0.3          0.5
          Nov       116.3       117.1       99.3   117.9       99.4       -0.4         -0.3
          Dec       119.4       118.7      100.6   118.2      100.4        2.7          1.4


  2005

          Jan       119.0       118.2      100.6   118.4       99.8       -0.3         -0.4
          Feb       118.5       118.6       99.9   118.7       99.9       -0.4          0.3
          Mar       118.7       119.1       99.7   119.0      100.0        0.2          0.4

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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:   April 5,2005