CORE INFLATION MEASURES, PHILIPPINES    
  2000=100; percent changes year-on-year        
               
   
  YEAR/MONTH OFFICIAL DEFINITION ALTERNATIVE BSP ESTIMATES   OF CORE INFLATION
  HEADLINE INFLATION CORE INFLATION TRIMMED MEAN 2 WEIGHTED MEDIAN 3 NET OF VOLATILE ITEMS 4
               
   
  1995 6.7 6.4 7.4 7.3 3.4
  January 5.8 6.8 6.8 6.3 3.5
  February 5.0 6.0 6.4 6.8 3.1
  March 5.6 6.3 6.5 6.4 3.5
  April 5.6 6.4 6.7 5.9 3.5
  May 6.3 6.7 7.2 7.6 3.5
  June 6.6 6.4 7.4 7.9 3.3
  July 6.4 6.3 7.4 7.5 3.3
  August 6.8 6.3 7.2 7.2 3.3
  September 8.8 6.8 7.9 7.3 3.6
  October 8.8 6.8 8.2 8.4 3.4
  November 8.1 6.0 8.7 8.6 3.2
  December 8.1 5.9 8.8 8.4 3.3
   
  1996 7.5 6.5 8.2 8.2 3.8
  January 8.5 6.4 9.0 8.6 3.4
  February 8.7 6.3 9.0 9.5 3.6
  March 8.7 6.3 9.0 9.7 3.8
  April 8.9 6.5 8.9 9.3 3.8
  May 8.0 6.0 8.1 8.4 3.8
  June 8.0 6.4 8.4 8.5 3.9
  July 7.8 6.4 8.3 8.3 3.9
  August 7.3 6.4 8.3 7.6 3.8
  September 5.3 5.9 6.8 6.5 3.5
  October 5.4 6.2 7.2 6.6 3.8
  November 6.5 7.4 7.4 7.3 4.1
  December 6.9 7.6 7.6 8.4 4.3
   
  1997 5.6 6.7 6.4 5.6 3.6
  January 5.6 6.6 6.3 5.9 3.6
  February 5.3 6.3 6.2 5.2 3.4
  March 5.4 6.2 6.3 5.7 3.3
  April 5.1 6.0 5.9 5.4 3.3
  May 5.0 6.0 5.8 5.5 3.3
  June 5.6 6.7 6.4 6.7 3.5
  July 5.4 6.6 6.3 6.4 3.4
  August 5.3 6.3 5.6 4.6 3.4
  September  5.8 6.9 6.6 4.7 3.7
  October 5.9 7.3 6.9 5.5 4.0
  November 6.4 7.8 7.5 5.5 4.4
  December 6.2 7.9 7.3 5.8 4.4
   
  1998 9.3 10.5 10.8 10.8 6.2
  January 6.5 8.0 8.2 7.1 4.2
  February 7.6 9.3 9.7 8.8 5.2
  March 8.1 9.9 10.1 9.4 5.6
  April 8.3 10.1 10.7 10.4 5.7
  May 9.7 11.1 11.7 10.9 6.4
  June 10.0 11.0 11.7 12.1 6.6
  July 10.1 10.9 11.7 12.0 6.5
  August 9.9 11.6 12.1 12.3 6.8
  September 9.9 11.3 11.6 11.5 6.7
  October 9.8 11.2 11.3 12.2 6.8
  November 10.7 11.4 11.1 12.0 7.0
  December 10.0 10.5 10.2 11.5 6.4
   
  1999 5.9 6.7 5.3 5.3 3.9
  January 10.5 10.2 8.6 8.8 6.4
  February 9.0 8.9 7.3 7.6 5.4
  March 7.7 8.2 6.3 6.3 5.0
  April 7.1 7.7 6.2 5.3 4.6
  May 5.8 6.5 5.2 4.9 3.8
  June 4.9 6.4 4.7 4.4 3.4
  July 4.8 6.3 4.6 4.0 3.6
  August 4.7 5.6 4.2 4.5 3.0
  September 4.9 5.5 4.4 4.7 3.0
  October  5.0 5.3 4.6 4.3 2.9
  November 3.6 4.6 3.8 4.3 2.5
  December 3.9 4.9 3.9 4.4 2.8
   
  2000 4.0 4.6 3.9 3.8 3.0
  January 2.2 4.2 3.5 3.5 2.2
  February 2.5 4.3 3.4 3.1 2.3
  March 2.8 3.9 3.2 3.0 2.2
  April 3.3 4.0 3.4 3.2 2.3
  May 3.4 4.3 3.6 3.5 2.5
  June 3.8 4.0 3.1 3.5 2.5
  July 4.2 4.2 3.4 4.0 2.9
  August 4.4 4.4 3.6 3.8 3.3
  September 4.2 4.7 3.7 3.7 3.3
  October 4.6 5.1 4.1 4.2 3.7
  November 5.7 5.6 5.6 4.9 4.0
  December 6.5 6.1 5.8 5.3 4.5
   
  2001 6.8 6.9 6.3 6.0 4.9
  January 7.5 6.6 6.2 5.5 5.0
  February 7.4 6.9 6.2 5.5 5.0
  March 7.6 7.2 6.4 6.3 5.1
  April 7.4 7.4 6.3 6.0 5.3
  May 7.4 7.3 6.5 6.1 5.3
  June 7.2 7.3 6.9 7.0 5.5
  July 7.4 7.6 7.2 7.2 5.6
  August 7.0 7.4 7.3 6.9 5.3
  September 6.8 7.1 6.7 6.5 5.1
  October 6.1 6.5 6.1 5.9 4.4
  November 5.0 6.1 5.1 4.8 3.9
  December 4.5 5.6 4.5 4.6 3.4
   
  2002 3.0 3.7 3.4 3.1 1.9
  January 3.7 5.4 4.2 3.7 3.1
  February 3.2 4.7 3.7 3.3 2.7
  March 3.5 4.6 3.7 3.2 2.7
  April 3.5 4.5 3.7 4.0 2.6
  May 3.5 4.5 3.6 3.5 2.7
  June 2.9 3.7 3.1 2.8 1.9
  July 2.6 3.2 2.7 2.4 1.4
  August 3.0 3.0 3.3 3.0 1.3
  September 2.7 2.7 3.2 2.7 1.1
  October 2.6 2.7 3.2 2.9 1.2
  November 2.4 2.5 3.2 2.8 1.2
  December 2.5 2.7 3.5 2.8 1.5
   
  2003 3.5 3.4 3.2 3.2 3.2
  January 2.8 2.7 2.7 3.1 2.4
  February 3.2 2.8 3.0 3.5 2.9
  March 3.0 2.7 2.7 2.9 3.0
  April 3.3 3.0 3.1 3.2 3.0
  May 3.4 3.0 3.2 3.5 2.8
  June 3.9 3.7 3.7 3.5 3.2
  July 3.7 3.6 3.2 2.9 3.3
  August 3.4 3.7 3.1 3.3 3.4
  September 3.6 3.9 3.2 3.0 3.6
  October 3.6 3.8 3.2 2.8 3.4
  November 3.9 3.9 3.6 3.3 3.5
  December 3.9 3.8 3.6 3.5 3.4
   
  2004 6.0 5.7 5.0 4.2 6.9
  January 4.1 4.1 3.8 4.0 4.1
  February 4.0 4.1 3.7 3.3 4.2
  March 4.2 4.3 3.7 4.4 4.2
  April 4.3 4.3 3.6 3.3 4.6
  May 4.5 4.7 3.8 3.2 5.3
  June 5.4 5.3 4.5 3.5 6.5
  July 6.6 6.2 5.4 4.3 7.9
  August 6.8 6.4 5.6 4.1 8.2
  September 7.2 6.6 6.1 4.5 8.7
  October 7.7 6.9 6.4 5.0 9.2
  November 8.2 7.6 6.6 5.2 10.1
  December 8.6 7.8 7.1 5.3 10.4
   
  2005 7.6 7.0 6.2 5.6 8.8
  January 8.4 7.9 6.8 5.8 9.9
  February 8.5 8.1 7.0 6.0 9.9
  March 8.5 8.0 6.8 6.0 9.8
  April 8.5 7.8 6.7 5.9 9.8
  May 8.5 7.6 6.5 6.1 9.5
  June 7.6 7.1 6.1 5.6 8.7
  July 7.1 6.8 6.0 5.6 8.3
  August 7.2 6.6 5.8 5.1 8.1
  September 7.0 6.5 5.8 5.2 7.9
  October 7.0 6.3 5.7 5.2 7.9
  November 7.1 6.1 6.0 5.6 8.0
  December 6.7 5.8 5.6 4.8 7.5
   
  2006 6.2 5.5 5.4 5.0 6.9
  January 6.7 5.7 5.6 5.0 7.4
  February 7.6 6.3 6.0 5.5 8.4
  March 7.6 6.5 6.2 5.7 8.4
  April 7.1 6.3 5.9 5.6 7.8
  May 6.9 6.1 5.7 5.0 7.6
  June 6.7 5.8 5.7 4.5 7.4
  July  6.4 5.4 5.3 5.3 7.0
  August 6.3 5.3 5.3 5.2 6.8
  September 5.7 5.0 5.1 5.1 6.4
  October 5.4 5.1 5.0 5.2 5.8
  November 4.7 4.7 4.3 3.7 4.7
  December 4.3 4.6 4.3 3.7 4.5
   
  2007 2.8 2.8 2.6 2.3 2.7
  January 3.9 3.9 3.8 3.3 4.1
  February 2.6 3.0 2.7 2.5 2.6
  March 2.2 2.6 2.2 1.8 2.4
  April 2.3 2.6 2.2 2.2 2.5
  May 2.4 2.6 2.3 2.3 2.5
  June 2.3 2.5 2.2 2.0 2.4
  July 2.6 3.0 2.3 2.0 2.6
  August 2.4 2.9 2.1 1.9 2.5
  September 2.7 2.7 2.4 2.4 2.3
  October 2.7 2.4 2.3 2.1 2.4
  November 3.2 2.3 2.8 2.6 2.9
  December 3.9 2.6 3.5 2.8 3.6
   
  2008 9.3 6.2 7.6 7.3 7.8
  January 4.9 3.4 4.4 3.4 4.4
  February 5.4 4.0 5.0 4.4 5.1
  March 6.4 4.8 6.0 5.8 6.0
  April 8.3 5.9 6.8 6.4 7.3
  May 9.5 r 6.2 7.6 7.6 8.0
  June 11.4 6.6 8.7 8.3 8.8
  July 12.3 r 6.3 9.2 8.6 9.2
  August 12.4 r 7.0 9.8 9.4 9.9
  September 11.8 r 7.5 9.7 9.3 9.9
  October 11.2 7.8 9.0 9.1 9.6
  November 9.9 7.9 8.0 8.4 8.3
  December 8.0 7.3 6.8 6.9 6.5
   
  2009 6.4 5.9 5.6 5.4 4.8
  January 7.1 6.9 6.2 5.9 5.8
  February 7.3 6.4 5.9 5.3 5.5
  March 6.4 5.6 5.3 5.6 4.3
  April 4.8 5.0   4.8 4.9 3.6
     
  Notes:  
  1  The official definition excludes 18.4 percent of the CPI basket as follows: rice, corn, fruits 
        & vegetables, fuel items, (gas, LPG, kerosene, gasoline and diesel).    
          
  2  The trimmed mean represents the average inflation rate of the (weighted) middle 70 percent  
         in a lowest-to-highest ranking of year-on-year inflation rates for all CPI components.
   
  3  The weighted median represents the middle inflation rate (corresponding to a cumulative 
        CPI weight of 50 percent) in a lowest-to-highest ranking of year-on-year inflation rates.
   
  4  The net of volatile items method excludes the following items: educational services, fruits and 
         vegetables, personal services, rentals, recreational services, rice, and corn,   
         which represent 37.59 percent of all items.   The series has been recomputed using a new methodo-
         logy that is aligned with NSO's method of computing the official core inflation, which re-weights
         remaining items to comprise 100 percent of the core basket after excluding non-core items.
         The previous methodology retained the weights of volatile items in the CPI basket while keeping
         their indices constant at 100.0  from month to month.  
   
  Sources of Basic Data: NSO, BSP-DER