With reference to Consumer Price Index, consider the following statements:
1. It is generally based on the weighted average of the prices of commodities.
2. The weightage of food in the Consumer Price Index (CPI) is higher than that in the Wholesale Price Index (WPI).
3. It is released by the National Statistical Office (NSO).
Which of the statements given above is/are correct?1
1 and 3 only
2
2 and 3 only
3
2 only
4
1, 2 and 3