Consider the following statements about the year-on-year inflation rate based on the all India Consumer Price Index (CPI) for May 2024:
1. The provisional inflation rate for May 2024 is 4.75%.
2. The corresponding inflation rates for rural and urban areas are 5.28% and 4.15%, respectively.
3. Inflation for 'Spices' has shown a considerable increase at the sub-group level compared to April 2024.
4. The all India inflation based on General CPI has been less than 6% since September 2023.
Which of the above statements are correct?
1
1 and 3
2
1, 2 and 4
3
2 and 3
4
2, 3 and 4
5
All of the above