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CPIAUG 14, 2023

CPI Inflation at 7.45%

CPI for Jul 2023; tomato price surge

5.2σ
NIFTY 50+0.19%vs T-60 baseline
USD / INR+0.52%vs T-60 baseline
INDIA VIX+5.30%vs T-60 baseline
Gilt Fund (10Y proxy)+0.28%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 Print7.45%
Consensus6.50%

Macroeconomic Assessment

Major CPI surprise of 5.2σ — expect volatility.

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.03%+0.03%+0.19%
USD / INRUSDINR · 1d-+0.12%+0.12%+0.52%
India VIXVIX · 1d-+4.17%+4.17%+5.30%
Gilt Fund (10Y proxy)GSEC · 1d-+0.10%+0.10%+0.28%