Table 1.  Consumer Price Index of Food, Beverages and Tobacco in the National Capital Region,
          July 2004 to July 2005
          (2000=100)

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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

          Jul       116.3       115.7      100.5   115.8       99.9        0.7          0.3
          Aug       116.5       116.3      100.2   116.3      100.0        0.2          0.5
          Sep       116.5       116.9       99.7   116.9      100.0        0.0          0.5
          Oct       116.8       117.5       99.4   117.4      100.1        0.3          0.5
          Nov       116.3       117.1       99.3   117.8       99.4       -0.4         -0.3
          Dec       119.4       118.7      100.6   118.1      100.6        2.7          1.4


2005

          Jan       119.0       118.2      100.7   118.3       99.9       -0.3         -0.4
          Feb       118.5       118.6       99.9   118.6      100.0       -0.4          0.3
          Mar       118.7       119.0       99.7   118.9      100.1        0.2          0.3
          Apr       119.0       119.4       99.7   119.2      100.1        0.3          0.3
          May       119.4       119.4      100.0   119.6       99.8        0.3          0.0
          Jun       120.4       120.1      100.3   120.1      100.0        0.8          0.6
          Jul       121.4       120.8      100.5   120.7      100.1        0.8          0.6

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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:   August 5,2005