Consider the following statements: 1. Inflation in India continued to be moderate during 2017-18 2. There was significant reduction in food inflation, particularly pulses and vegetables during the period. Which of the statements given above is/are correct?

According to the Survey, inflation in the country continued to moderate during 2017-18 with the CPI based headline inflation averaging 3.3 per cent during the period --the lowest in the last six financial years

Retail inflation fell to a record low of 2.18% in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.