With reference to inflation, consider the following statements:
1. Core inflation is calculated by excluding food and energy prices.
2. The Reserve Bank of India, in consultation with the government of India, determines the inflation target in terms of the Consumer Price Index, once in every five years.
3. Global disruptions in the supply chain have had no impact on domestic inflation in India.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 only
4
1, 2, and 3