Consider the following statements regarding inflation indices in India:
1. The Wholesale Price Index includes the prices of services.
2. The monetary policy framework in India has an inflation target defined in terms of the Consumer Price Index.
3. The Consumer Price Index (Combined) is compiled by the National Statistics Office under the Ministry of Statistics and Programme Implementation.
Which of the statements given above is/are correct?
- A1 only
- B2 and 3 only
- C1 and 3 only
- D1, 2 and 3
Correct answer: B