Table 2.  Consumer Price Index of Food, Beverages and Tobacco in Areas Outside
          the National Capital Region (AONCR)June 2004 to June 2005 
          (2000=100)

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

2004

          Jun       116.1       116.1      100.0   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       119.5      100.0   119.4      100.1        0.2          0.7
          Nov       119.7       119.9       99.8   120.0       99.9        0.2          0.3
          Dec       120.3       120.7       99.7   120.7      100.0        0.5          0.7
          Jan       121.5       121.3      100.1   121.4      100.0        1.0          0.5

2005

          Feb       122.0       122.1       99.9   122.1      100.0        0.4          0.7
          Mar       122.3       122.7       99.7   122.8       99.9        0.2          0.5
          Apr       123.0       123.5       99.6   123.4      100.0        0.6          0.7
          May       123.8       124.2       99.7   124.0      100.1        0.7          0.6
          Jun       124.5       124.5      100.0   124.5      100.0        0.6          0.2

--------------------------------------------------------------------------------------------

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

Page last updated:   July 5,2005