Statement I: The measurement of Inflation in India is done by Wholesale Price Index (WPI) and Consumer Price Index (CPI) or Retail Inflation.
Statement II: Wholesale Price Index tracks inflation at the producer level.
Choose the correct option from those below:
1
Statement I is correct, Statement II is incorrect.
2
Statement I is incorrect, Statement II is correct.
3
Both Statement I and Statement II are correct.
4
Both Statement I and Statement II are incorrect.