Table 4.  CPI of Non-FBT Items in AONCR, 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       128.6       128.4        0.2   128.5       -0.1        8.1          0.7
          Nov       129.5       129.3        0.2   129.3        0.1        0.7          0.7
          Dec       130.3       130.3        0.0   130.0        0.3        0.6          0.8

2005

          Jan       130.5       130.5        0.0   130.5        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       135.0        0.3   135.0       -0.1        0.5          0.5
          Sep       136.0       135.7        0.3   135.8        0.0        0.5          0.5
          Oct       136.8       136.6        0.2   136.5        0.1        0.6          0.7

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

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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