Consumer Price Index/Inflation Rate Table, September 2006


Table 15. Headline and Core Inflation Rates in the Philippines
          September 2005 - September 2006
          (2000 = 100)

======================================================================================================
                                           2 0 0 6                       |           2 0 0 5       
                     Sep   Aug   Jul   Jun   May   Apr   Mar   Feb   Jan | Ave   Dec   Nov   Oct   Sep
------------------------------------------------------------------------------------------------------

Headline Inflation   5.7   6.3   6.4   6.7   6.9   7.1   7.6   7.6   6.7   7.6   6.7r  7.1   7.0   7.0


Core Inflation       5.0   5.3   5.4   5.8   6.1   6.3   6.5   6.3   5.7r  7.0   5.9r  6.1   6.3   6.5

======================================================================================================

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

Page last updated:  October 5, 2006