The misery index lets you know at a glance.
Inflation + Unemployment = Misery
Scroll down to see how the misery index has moved since the Second World War.
Unemployment is low and prices are mostly under control.
A brief spike in inflation pushes the misery index higher. But, for the most part, it’s a decade of steady growth and rising prosperity.
The good times continue. Low inflation and unemployment mean there’s plenty to smile about.
Recession hits and oil prices rocket. Misery surges, as inflation moves into the double-digits.
A battle against inflation pushes unemployment above 3 million people. But the misery index falls as the decade progresses.
A recession in 1990 leads to higher unemployment. From the mid-1990s, things start looking brighter.
A happy decade – until the financial crisis hits in 2008. Low inflation keeps the misery index just below 10%.
As the recession eases, unemployment starts falling. The economy returns to growth.
Now see how these numbers relate to your life
Created by Sparks Studio using data from the Bank of England