Atlanta Fed’s Flexible Price CPI Soars To 20% In February, Biden’s Misery Index Now Highest In Modern American History

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The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—increased 19.76 percent (annualized) in February.

If we added the U-3 unemployment rate, we get a MISERY Index under Biden of 23.56%, the highest in modern history. Worse than Carter-era inflation and malaise.

Bear in mind that the traditional use of the misery index is CPI YoY + U-3 unemployment rate, we see that Biden’s misery index is similar to the early years of Obama (following the financial crisis) but lower than the Ford/Carter years.