Consider the following statements regarding Consumer Food Pric | www.upscguide.in

Consider the following statements regarding Consumer Food Price Index (CFPI)
1. It is a measure of change in retail prices of food products consumed by a defined population group in a given area with reference to a base year.
2. CFPI is calculated on a monthly basis and methodology remains the same as CPI.
3. Milk and its products has highest weightage in CFPI