Meaning of “misery index” in the English Dictionary

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"misery index" in Business English

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misery indexnoun [ S ]


a measure of how the economy of a country is doing that combines the rate of inflation and the unemployment rate:

the misery index rises/falls
Inflation is no longer a problem, and as a result, the misery index is much lower.

(Definition of “misery index” from the Cambridge Business English Dictionary © Cambridge University Press)