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Iran Misery Index Improves 53%

Iran Misery Index Improves 53%Iran Misery Index Improves 53%

Iran’s misery index decreased from 41.6 in the fiscal March 2012-13 to 19.3 in 2016-17, indicating a 53% improvement over the years, an official report by the Ministry of Cooperatives, Labor and Social Welfare reads. 
An increasing index means a worsening economic climate for an economy, and vice versa.
The misery index is calculated by simply adding the annual inflation rate to the unemployment rate and helps determine how the average citizen is doing economically.

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