Table 3.  CPI of Non-FBT Items in NCR, September 2004 to September 2005	
          (2000=100)

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

2004

          Sep       126.7       127.3       99.6   127.3       99.9        0.6          1.0
          Oct       127.4       127.9       99.6   128.6       99.5        0.6          0.5
          Nov       131.0       130.9      100.1   130.0      100.7        2.8          2.3
          Dec       131.2       131.3      100.0   131.4       99.9        0.2          0.3

2005

          Jan       133.7       133.1      100.5   132.7      100.3        1.9          1.4
          Feb       134.3       133.8      100.4   133.8      100.0        0.4          0.5
          Mar       134.5       134.5      100.0   134.8       99.8        0.1          0.5
          Apr       135.9       135.9      100.0   135.8      100.1        1.0          1.0
          May       136.3       137.0       99.5   137.0      100.0        0.3          0.8
          Jun       138.7       138.2      100.4   138.5       99.8        1.8          0.9
          Jul       140.4       140.0      100.3   139.8      100.2        1.2          1.3
          Aug       141.0       141.2       99.9   140.9      100.2        0.4          0.9
          Sep       141.1       141.7       99.5   141.8       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:   October 5, 2005
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