Consider the following statements regarding the Consumer Price Index (CPI) in India: 1. The CPI measures price changes from the perspective of a wholesale trader. 2. The CPI (Rural) is compiled by the National Statistical Office (NSO). 3. The CPI includes sub-groups such as food and beverages, fuel and light, housing, and clothing. Which of the statements given above is/are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: B

Notes:

Explanation:

The CPI measures price changes from the perspective of a retail buyer (consumer), not a wholesale trader. That is the domain of the WPI (Wholesale Price Index).
The CPI (Rural/Urban/Combined) is compiled by the NSO, which is under the Ministry of Statistics and Programme Implementation (MoSPI).
The CPI includes multiple sub-groups, including food and beverages, fuel and light, housing, and clothing, bedding and footwear, which reflect retail consumption patterns.

Source: Indian economy (Dr.Ramesh Singh)