​Which of the following correctly explains the difference between WPI and CPI inflation?

1. CPI accounts for the services too unlike WPI.

2. CPI measures inflation down to the retail consumer level, unlike WPI.

3. Both indicators can be used for the measurement of inflation.

Choose the correct answer using the codes below:

1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
More than one of the above
5
None of the above

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