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

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

2007
	
          Dec       154.7       155.5       99.5   155.3      100.2        0.7          0.6

2008
	
          Jan       155.5       156.0       99.7   156.1      100.0        0.5          0.3
          Feb       155.2       155.7       99.7   157.0       99.2       -0.2         -0.2
          Mar       156.3       157.0       99.6   158.1       99.3        0.7          0.8
          Apr       159.2       159.5       99.8   159.4      100.1        1.9          1.6
          May       160.4       160.8       99.8   160.7      100.0        0.8          0.8
          Jun       162.8       161.8      100.6   162.0       99.9        1.5          0.6
          Jul       165.3       163.0      101.4   163.0      100.0        1.5          0.7
          Aug       165.6       163.9      101.1   163.6      100.2        0.2          0.6
          Sep       164.0       163.8      100.1   163.8      100.0       -1.0         -0.1
          Oct       163.6       164.3       99.6   163.6      100.4       -0.2          0.3
          Nov       161.9       162.9       99.4   163.4       99.7       -1.0         -0.9
          Dec       158.2       159.2       99.4   163.3       97.4       -2.3         -2.3
--------------------------------------------------------------------------------------------

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

Page last updated:   January 6, 2009

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