Table 3.  Consumer Price Index of Nonfood,Beverages and Tobacco in the National Capital Region,
          September 2005 to September 2006

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

 2005

          Sep       141.1       141.7       99.6   141.8       99.9        0.1          0.5
          Oct       141.9       142.7       99.5   142.7      100.0        0.6          0.7
          Nov       143.1       143.6       99.7   143.5      100.0        0.8          0.6
          Dec       143.7       143.8       99.9   144.5       99.5        0.4          0.1

 2006

          Jan       145.8       145.5      100.2   145.6       99.9        1.5          1.2
          Feb       147.7       146.9      100.5   146.8      100.1        1.3          1.0
          Mar       148.5       148.1      100.3   147.9      100.2        0.5          0.8
          Apr       148.6       148.6      100.0   148.8       99.9        0.1          0.3
          May       148.9       149.6       99.5   149.5      100.1        0.2          0.7
          Jun       150.7       150.0      100.5   150.1      100.0        1.2          0.3
          Jul       151.9       151.2      100.5   150.6      100.4        0.8          0.8
          Aug       151.1       151.1      100.0   151.0      100.0       -0.5         -0.1
          Sep       150.6       151.3       99.5   151.5       99.9       -0.3          0.1

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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 5,2006