Consider the following statements with respect to Consumer Price Index and Wholesale Price Index in India:
1. The WPI is calculated for only goods and CPI is calculated for both goods and services.
2. The WPI is published by the Office of the Economic Advisor in the Ministry of Commerce and Industry while the CPI is published by the Central Statistical Office.
3. The WPI is published on a weekly basis for primary articles and fuel and power and is published monthly for the rest of the items, whereas the CPI is released on a monthly basis.
4. The WPI measures inflation in the initial stages of the supply chain whereas the CPI measure inflation in the later stages of the supply chain.
Which among the above given statements are correct?
1. Only 1, 2 and 3
2. Only 1, 3 and 4
3. Only 1,2 and 4
4. All of the above