With reference to Consumer Price Index (CPI), consider the following statements:

1. Rise in Housing Prices does not have any effect on the Rural CPI (Consumer Price Index).

2. Labour Bureau computes CPI-IW with 2012 as the base year.

3. Increase in the prices of fuel and food increases the CPI core inflation rate.

Which of the statements given above is/are incorrect?

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

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