The misery index first became popular during the Carter administration where the misery index was extremely high due to high inflation and a climbing unemployment rate. Inflation ran double digits as oil and gas prices rose along with shortages. Fuel prices drove up prices of food and other products and services. Now during the Obama Administration many are once again talking about the Misery Index due to high unemployment rates and rising inflation once again because of high oil and gas prices. Food price increases are also squeezing many but home prices continue to fall.