SCI reviews changes in Iran’s misery index

Financial Tribune – Iran’s misery index settled at 45.4 in the fourth quarter of the last fiscal year (Dec. 22, 2019-March 19) from 50.6 in the third quarter (Sept. 23-Dec. 21, 2019), the Statistical Center of Iran reported.

The index stood at 48.4 and 53.1 in Q1 (March 21-June 21, 2019) and Q2 (June 22-Sept. 22, 2019) of the last Iranian year respectively.

The country’s misery index stood at 38.9 in the year ending March 2019.

The misery index, created by economist Arthur Okun, helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. The higher the combined score, the worse the economic situation.