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CPIAPR 12, 2023

CPI Inflation at 5.66%

CPI for Mar 2023

0.8σ
NIFTY 50+0.60%vs T-60 baseline
USD / INR-0.03%vs T-60 baseline
INDIA VIX-0.58%vs T-60 baseline
Gilt Fund (10Y proxy)-0.51%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 Print5.66%
Consensus5.80%

Macroeconomic Assessment

CPI below expectations (0.8σ surprise).

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.51%+0.51%+0.60%
USD / INRUSDINR · 1d-+0.11%+0.11%-0.03%
India VIXVIX · 1d-+2.42%+2.42%-0.58%
Gilt Fund (10Y proxy)GSEC · 1d--0.41%-0.41%-0.51%