Table 2.  Consumer Price Index in in Areas Outside National Capital Region (AONCR),
          October 2005 to October 2006

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

2005

          Oct       126.8       126.9       99.9   126.9      100.0        0.2          0.6
          Nov       127.4       127.7       99.8   127.6      100.1        0.5          0.6
          Dec       127.6       128.2       99.6   128.3       99.9        0.2          0.4

2006

          Jan       128.7       128.6      100.1   129.1       99.6        0.9          0.3
          Feb       130.0       129.8      100.1   129.8      100.0        1.0          0.9
          Mar       130.4       130.6       99.9   130.4      100.1        0.3          0.6
          Apr       130.6       130.9       99.8   130.9      100.0        0.2          0.2
          May       131.1       131.3       99.9   131.2      100.0        0.4          0.3
          Jun       131.6       131.5      100.1   131.4      100.0        0.4          0.2
          Jul       131.8       131.4      100.3   131.6       99.9        0.2         -0.1
          Aug       132.6       132.1      100.4   131.9      100.1        0.6          0.5
          Sep       132.5       132.2      100.3   132.3       99.9       -0.1          0.1
          Oct       132.8       132.9       99.9   132.9      100.0        0.2          0.5

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

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

Page last updated:   November 7, 2006