Question

Which of the following statements regarding inflation indices in India is correct? 1. The Consumer Price Index (CP

  • I measures changes in retail prices. 2. The Wholesale Price Index (WP
  • I focuses on the prices of goods at the wholesale level. 3. The base year for the CPI in India is 2012.
A 1 only
B 1 and 2 only
C 1 and 3 only
D 1, 2, and 3
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