Table 3.  CPI of Non-FBT Items in NCR, January 2007 to January 2008
          (2000=100)

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

2007
	
          Jan       150.9       150.9      100.0   150.7      100.1        0.3          0.1
          Feb       150.7       150.5      100.2   150.7       99.8       -0.1         -0.3
          Mar       150.8       150.9       99.9   150.9      100.0        0.1          0.3
          Apr       151.2       151.4       99.8   151.5      100.0        0.3          0.3
          May       151.6       152.2       99.6   152.1      100.1        0.3          0.5
          Jun       153.0       152.3      100.5   152.8       99.7        0.9          0.1
          Jul       155.8       154.3      101.0   153.4      100.6        1.8          1.3
          Aug       155.2       154.6      100.4   153.8      100.5       -0.4          0.2
          Sep       153.9       154.1       99.8   154.0      100.1       -0.8         -0.3
          Oct       153.1       154.1       99.4   154.2       99.9       -0.5          0.0
          Nov       153.7       154.3       99.6   154.5       99.9        0.4          0.1
          Dec       154.7       155.1       99.8   154.9      100.1        0.7          0.5

2008
	
          Jan       155.5       155.5      100.0   155.4      100.0        0.5          0.3
--------------------------------------------------------------------------------------------

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

Page last updated:   February 5, 2008

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