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Meaning of misery index

mis'ery in"dex

Pronunciation: [key]
  1. an unofficial indication of a nation's economic health, derived by adding the percentage rate of inflation to the percentage of unemployed workers: With inflation running at 15 percent and unemployment at 8 percent, the misery index is 23 percent.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.