According to the Misery Index, the answer is yes. This is officially the least miserable we have been since Guido started recording the nation’s unhappiness before the last election. The fall in inflation today, as well as a slightly lower Public Sector Net Cash Requirement this month, means there is a clear downward trend in misery levels and that we are happier today than we have been in five years.

No wonder Miliband this week proposed a different index to measure the nation’s well-being…

N.B. stats bods can check Guido’s adding up here.