The fall in global crude oil prices has had a greater impact on WPI as compared to CPI because........

Economic Affairs Inflation

The fall in global crude oil prices has had a greater impact on WPI as compared to CPI because

WPI captures the inflation at the wholesale level while CPI captures inflation at the retail level

WPI has a larger weight of fuel as compared to CPI in the calculation of the index

WPI has a lower weight of fuel as compared to CPI in the calculation of the index

None of the above

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