Consider the following statements:
1. Core Inflation is a reflection of a short-term inflationary trend in the economy.
2. Producer Price Index excludes indirect taxes.
3. Wholesale Price Index does not cover services, whereas Producer Price Index does.
4. Both Consumer price index and Producer Price Index are based on Expenditure Surveys.
Which of the above statements is/are correct?
1
1 and 3
2
2 and 3
3
2, 3 and 4
4
More than one of the above
5
None of the above