Under which of the following situations, core inflation in an economy is said to increase?
1. The salaries of the employees have increased.
2. There is an increase in international crude oil prices.
3. Increased onion prices due to heavy flooding in the onion-producing states.
Select the correct answer using the code given below:
1 only
1 and 2 only
3 only
1, 2 and 3
• Core inflation, also called as structural inflation, is that part of ‘headline inflation’, which excludes the effects of seasonal factors on increase in price level, like fluctuations in food and energy.
• It represents the ‘underlying inflation’ and does not include temporary rises in the price level due to seasonal factors.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
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