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CPIJAN 12, 2023

CPI Inflation at 5.71%

CPI for Dec 2022

1.0σ
NIFTY 50+0.34%vs T-60 baseline
USD / INR-0.64%vs T-60 baseline
INDIA VIX-6.35%vs T-60 baseline
Gilt Fund (10Y proxy)-1.47%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 Print5.71%
Consensus5.90%

Macroeconomic Assessment

CPI below expectations (1.0σ surprise).

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.21%-0.21%+0.34%
USD / INRUSDINR · 1d--0.01%-0.01%-0.64%
India VIXVIX · 1d--1.04%-1.04%-6.35%
Gilt Fund (10Y proxy)GSEC · 1d--1.76%-1.76%-1.47%