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CPIMAY 12, 2023

CPI Inflation at 4.69%

CPI for Apr 2023

0.7σ
NIFTY 50+0.56%vs T-60 baseline
USD / INR+0.34%vs T-60 baseline
INDIA VIX-0.38%vs T-60 baseline
Gilt Fund (10Y proxy)-0.30%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 Print4.69%
Consensus4.80%

Macroeconomic Assessment

CPI below expectations (0.7σ surprise).

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.10%+0.10%+0.56%
USD / INRUSDINR · 1d-+0.22%+0.22%+0.34%
India VIXVIX · 1d--2.80%-2.80%-0.38%
Gilt Fund (10Y proxy)GSEC · 1d-+0.26%+0.26%-0.30%