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

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.

Biden: No joy for you!