Consider the following statements with respect to the Consumer Price Index and select the correct answer from the codes given below:
- It computers price changes in both goods and services.
- It is computed by the Office of Economic Advisor (OEA), Department of promotion of Industries and Internal Trade.
- It is taken as the measure of inflation while formulating Monetary policy by RBI.
1
1 and 2
2
2 and 3
3
1 and 3
4
1 only