With reference to the Headline inflation, consider the following statements:

1. It is the total inflation in an economy. 

2. The headline inflation figure includes inflation in a basket of goods that includes commodities like food and energy.

3. Headline inflation is usually quoted on an annualized basis.

Which of the above statement is/are correct?

1
1 only
2
2 only
3
1 and 3 only
4
1, 2, and 3

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