A sustained and low increase in prices at a rate of around 3% per annum is known as:

Cost-push inflation is primarily caused by:

Inflation calculated by excluding volatile items such as food and energy prices is known as:

Consider the following statements about Shrinkflation: (i) It is the practice of reducing the size or quantity of a product while maintaining its sticker price. (ii) Shrinkflation makes it harder to measure price changes or inflation accurately. Which of the statements given above is/are correct?