Consider the following statements:
The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI)
The WPI does not capture changes in the prices of services, which CPI does
Reserve Bank of India has not adopted WPI as its key measure of inflation and to decide on changing the key policy rates
Which of the statements given above is/are correct?
a. 1 and 2 only
b. 2 only
c. 3 only
d. 1, 2 and 3