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

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

2004

          Oct       127.4       128.0       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       131.2      100.0   131.4       99.9         0.2         0.2

2005

          Jan       133.7       133.0      100.5   132.7      100.3         1.9         1.4
          Feb       134.3       133.8      100.4   133.8      100.0         0.4         0.6
          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   137.1      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       141.8       99.5   141.9       99.9         0.1         0.4
          Oct       141.9       142.6       99.5   142.9       99.7         0.6         0.6

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

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

Page last updated:   November 4, 2005
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