Q: 86 (CDS-II/2009)

Consider the following statement about wholesale Price index (WPI)
I. It captures the price movement extensively and is, therefore, taken as an indicator of inflation.
II. The office of the Economic adviser (OEA) is entrusted with the function of compilation and publication of the weekly wholesale price index number in India.
Which of the statements given above is/are cocrrect?

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