Thread: Singapore Passes Thailand on Misery Index’s Better End: Chart

Singapore has dropped below Thailand on the so-called Misery Index for the first time since December 2014, meaning the city-state has the lowest combination of consumer-price inflation and unemployment in the world. Singapore’s most-recent CPI rate was negative 0.5 percent and its official jobless rate was 1.9 percent, ranking it 1.4 percent on the misery scale, compared with 1.5 percent in Thailand and 2.9 percent in Japan, based on the latest-available official figures. Venezuela ranks as most miserable among more than 70 countries on which Bloomberg compiles data, as the South American country battles triple-digit inflation.

VIDEO Singapore Passes Thailand on Misery Index?s Better End: Chart - Bloomberg

Strange criteria for a "misery index." Yes, Thailand has very low unemployment, but then Bloomberg (not surprisingly) is totally oblivious to the $9 daily minimum wage in Thailand, or that even that petty amount is ignored by many employers.