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

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

2007
	
          Jul       155.8       154.0      101.2   153.0      100.7        1.8          1.2
          Aug       155.2       154.4      100.5   153.4      100.6       -0.4          0.3
          Sep       153.9       154.0      100.0   153.8      100.1       -0.8         -0.3
          Oct       153.1       154.0       99.4   154.1       99.9       -0.5          0.0
          Nov       153.7       154.3       99.6   154.5       99.9        0.4          0.2
          Dec       154.7       155.2       99.7   155.0      100.1        0.7          0.6

2008
	
          Jan       155.5       155.7       99.9   155.7      100.0        0.5          0.3
          Feb       155.2       155.4       99.8   156.6       99.3       -0.2         -0.2
          Mar       156.3       156.8       99.7   157.8       99.3        0.7          0.9
          Apr       159.2       159.4       99.9   159.2      100.1        1.9          1.7
          May       160.4       160.8       99.8   160.7      100.1        0.8          0.9
          Jun       162.8       162.0      100.5   162.0      100.0        1.5          0.7
          Jul       165.3       163.2      101.3   163.2      100.0        1.5          0.7
--------------------------------------------------------------------------------------------

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

Page last updated:   August 5, 2008

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