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

 2004

          Mar       113.3       113.6       99.8   113.6      100.0        0.6          0.9
          Apr       114.0       114.4       99.6   114.4      100.0        0.6          0.7
          May       114.8       115.3       99.5   115.3      100.0        0.7          0.8
          Jun       116.1       116.2       99.9   116.2       99.9        1.1          0.8
          Jul       117.7       117.2      100.4   117.1      100.1        1.4          0.9
          Aug       118.5       117.9      100.5   118.0      100.0        0.7          0.6
          Sep       119.3       118.7      100.5   118.7      100.0        0.7          0.7
          Oct       119.5       119.4      100.1   119.4      100.1        0.2          0.6
          Nov       119.7       119.9       99.9   120.0       99.9        0.2          0.4
          Dec       120.3       120.6       99.7   120.6      100.0        0.5          0.6


 2005

          Jan       121.5       121.3      100.2   121.3      100.0        1.0          0.6
          Feb       122.0       122.1       99.9   122.0      100.1        0.4          0.7
          Mar       122.3       122.6       99.7   122.6      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