Table 4.  CPI of Non-FBT Items in AONCR, 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       127.8       127.5        0.3   127.4        0.1        0.6          0.6
          Oct       128.6       128.4        0.2   128.5        0.0        0.6          0.7
          Nov       129.5       129.4        0.1   129.4        0.0        0.7          0.8
          Dec       130.3       130.3        0.0   130.0        0.2        0.6          0.7

2005

          Jan       130.5       130.5        0.0   130.6        0.0        0.2          0.2
          Feb       130.8       131.0       -0.2   131.1       -0.1        0.2          0.4
          Mar       131.4       131.7       -0.3   131.7        0.0        0.5          0.5
          Apr       132.0       132.4       -0.4   132.4        0.1        0.5          0.5
          May       132.6       133.1       -0.5   133.0        0.0        0.5          0.5
          Jun       133.4       133.2        0.2   133.7       -0.4        0.6          0.1
          Jul       134.6       134.3        0.3   134.3        0.0        0.9          0.8
          Aug       135.3       134.9        0.4   135.0        0.0        0.5          0.4
          Sep       136.0       135.7        0.3   135.7        0.0        0.5          0.6

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

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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