Table 3.  CPI of Non-FBT Items in NCR, July 2006 to July 2007
          (2000=100)

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

2006
	
          Jul       151.9       150.8      100.7   150.6      100.1        0.8          0.4
          Aug       151.1       150.7      100.3   150.8       99.9       -0.5         -0.1
          Sep       150.6       150.8       99.8   150.8      100.0       -0.3          0.1
          Oct       150.0       150.7       99.6   150.8       99.9       -0.4         -0.1
          Nov       150.7       151.0       99.8   150.8      100.1        0.5          0.2
          Dec       150.5       150.7       99.9   150.7      100.0       -0.1         -0.2

2007
	
          Jan       150.9       150.7      100.1   150.6      100.1        0.3          0.0
          Feb       150.7       150.4      100.2   150.6       99.8       -0.1         -0.2
          Mar       150.8       150.9      100.0   150.9      100.0        0.1          0.3
          Apr       151.2       151.6       99.8   151.5      100.0        0.3          0.5
          May       151.6       152.5       99.4   152.4      100.0        0.3          0.6
          Jun       153.0       152.5      100.3   153.4       99.4        0.9          0.0
		  Jul       155.8       154.5      100.8   154.6      100.0        1.8          1.3

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

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

Page last updated:   August 7, 2007
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