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CPIDEC 12, 2022

CPI Inflation at 5.92%

CPI for Nov 2022

5.3σ
NIFTY 50+0.60%vs T-60 baseline
USD / INR+0.44%vs T-60 baseline
INDIA VIX-4.45%vs T-60 baseline
Gilt Fund (10Y proxy)+1.80%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise Deviationvs consensus, σ-scaled
0.0σ

Actual Print5.92%
Consensus6.40%

Macroeconomic Assessment

Major CPI surprise of -5.3σ — expect volatility.

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.00%+0.00%+0.60%
USD / INRUSDINR · 1d-+0.16%+0.16%+0.44%
India VIXVIX · 1d--1.19%-1.19%-4.45%
Gilt Fund (10Y proxy)GSEC · 1d--0.12%-0.12%+1.80%