Amid talk of how governments should measure ‘happiness’, we should perhaps note that ‘misery’ – at least economic misery – may have recently peaked.
This week’s releases of inflation data in the UK and US, and labour market numbers for the UK should see the ‘misery index’ continue to fall in both countries.
This index – simply the unemployment rate plus the annual rate of inflation – has seen a modest revival of interest among economists in recent years. Read more


Kate Allen
Chris Cook
Emily Cadman
Martin Stabe
Keith Fray
Norma Cohen
Valentina Romei
