Consider the following statements:
1. Wholesale Price Index (WPI) is restricted only to goods whilst Consumer Price Index (CPI) measures both goods and services.
2. WPI and CPI both are measured at the final stage of a transaction.
Which of the statements given above is/are not correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2