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CPISEP 12, 2023

CPI Inflation at 6.86%

CPI for Aug 2023

1.1σ
NIFTY 50+0.37%vs T-60 baseline
USD / INR-0.23%vs T-60 baseline
INDIA VIX+4.23%vs T-60 baseline
Gilt Fund (10Y proxy)+0.23%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 Print6.86%
Consensus6.50%

Macroeconomic Assessment

CPI above expectations (1.1σ surprise).

Source: MOSPI — CPI
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.02%-0.02%+0.37%
USD / INRUSDINR · 1d--0.11%-0.11%-0.23%
India VIXVIX · 1d-+3.00%+3.00%+4.23%
Gilt Fund (10Y proxy)GSEC · 1d-+0.23%+0.23%+0.23%