Table 3.  Consumer Price Index of Nonfood,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
--------------------------------------------------------------------------------------------

  2004

          Mar       121.2       120.9      100.3   121.0       99.9      -0.1           0.2
          Apr       121.9       121.8      100.1   121.8      100.0       0.6           0.7
          May       122.1       122.6       99.6   122.9       99.8       0.2           0.7
          Jun       125.0       124.5      100.4   124.2      100.2       2.4           1.5
          Jul       125.6       125.6      100.0   125.4      100.2       0.5           0.9
          Aug       125.9       126.4       99.6   126.5       99.9       0.2           0.6
          Sep       126.7       127.3       99.5   127.5       99.9       0.6           0.7
          Oct       127.4       128.0       99.6   128.7       99.4       0.6           0.5
          Nov       131.0       130.9      100.1   130.1      100.7       2.8           2.3
          Dec       131.2       131.3       99.9   131.5       99.9       0.2           0.3


  2005

          Jan       133.7       133.0      100.5   132.6      100.3       1.9           1.3
          Feb       134.3       133.6      100.5   133.6      100.0       0.4           0.5
          Mar       134.5       134.2      100.3   134.3       99.9       0.1           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