Consider the following statements regarding price indices: 1. The weightage of food in CPI is higher than in WPI; 2. WPI does not capture service prices, which CPI does; 3. The RBI has now adopted WPI as its key measure of inflation. Which of the statements are correct?

A. 1 and 2 only

B. 2 only

C. 3 only

D. 1, 2 and 3

Question Details

Consider the following statements regarding price indices: 1. The weightage of food in CPI is higher than in WPI; 2. WPI does not capture service prices, which CPI does; 3. The RBI has now adopted WPI as its key measure of inflation. Which of the statements are correct?

Explanation: