Question

    Consider the following statements about the Consumer

    Price Index (CPI): 1. CPI measures inflation at the consumer level, including goods and services. 2. It is released monthly by DPIIT, Ministry of Commerce and Industry. 3. CPI is used for inflation targeting by the Reserve Bank of India. 4. CPI excludes services in its calculation. Which of the above statements is/are correct?
    A 1 and 3 only Correct Answer Incorrect Answer
    B 1, 2, and 3 only Correct Answer Incorrect Answer
    C 1, 3, and 4 only Correct Answer Incorrect Answer
    D 2 and 4 only Correct Answer Incorrect Answer

    Solution

    CPI includes services, measures inflation at the consumer level, and is used for inflation targeting. It is released by the NSO, not DPIIT.

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