With reference to India, consider the following statements:
1) The Wholesale Price Index(WPI) in India is available on a monthly basis only.
2) As compared to Consumer Price Index for Industrial Workers(CPI(IW)), the WPI gives less weight to food articles. Which of the statements given is/are correct?
A Both 1 and 2
B 1 only
C 2 only
D Neither 1 nor 2