Consumer price index reflects______ inflation.
Wholesale
Producer
Retail
None of these
CPI reflects retail inflation.
A consumer price index measures changes in
(i) retail prices
(ii) wholesale prices
(iii) producers prices
Q34) In the past few months, the two main inflation indicators — the Wholesale Price Index (WPI) and the Consumer Price Index (CPI) — are moving in widely divergent directions. Consider the following statements:
1) Headline inflation does not include food and fuel prices while Core inflation includes all-item index
2) CPI is measured on base year 2012
3) Reserve Bank of India has now adopted WPI as new measure of Inflation
Which of the above statement(s) is/ are incorrect?