Which of the following statements are correct based on the latest SBI Ecowrap Report released by the Economic Research Department of the State Bank of India (SBI)?

1. India’s Consumer Price Index (CPI) inflation fell to 3.6% in February 2025, marking a 7-month low.
2. Fruit inflation reached a 10-year high of 14.8%, while vegetable CPI declined sharply to -1.07%, the first negative reading in 20 months.
3. The report projects CPI inflation to average 4.7% for FY25, with a decline to 3.9% in Q4 FY25.
4. Telangana recorded the highest inflation rate at 7.3%, while Kerala recorded the lowest at 1.3%.
5. India’s Index of Industrial Production (IIP) expanded by 5.0% in January 2025, driven by strong performance in the manufacturing and consumer durables sectors.