Caraway, AR's Data
About Caraway, AR's
Caraway is a small city located in Craighead County, Arkansas. Established as a town in 1916, Caraway is nestled in the northeastern part of the state, contributing to its rich agricultural heritage. The city's development was significantly influenced by its position in the Arkansas delta region, which has historically been a fertile area for cotton farming. Over the years, Caraway has maintained its small-town charm while adapting to changes in agriculture and local industry.
Things To Do in Caraway, AR
Hike: Here are a couple of local trails to check out!
Local Attractions in Caraway, AR
Caraway Central Park - A community park offering recreational facilities and outdoor activities for families and individuals.
Craighead County Fairgrounds - Hosts events and fairs that include exhibits and competitions related to local agriculture and crafts.
Lake City Museum - Although located nearby, it offers insights into the regional history and heritage, attracting visitors interested in the cultural background of the area.
Big Lake Wildlife Refuge - A short drive away, this refuge provides opportunities for wildlife observation, hiking, and enjoying natural landscapes.
Historic Dyess Colony - Johnny Cash Boyhood Home - Located within driving distance, this museum commemorates the life of Johnny Cash and the impact of the New Deal on this region.
The Economy of Caraway, AR
The economy of Caraway, Arkansas, is primarily driven by agriculture, reflecting the city's location in one of the most fertile regions of the state. Cotton, soybeans, and other crops are commonly cultivated, supporting local employment and businesses. In addition to agriculture, Caraway has a number of local businesses that cater to the needs of its residents, including retail shops and service providers. Economic activities in Caraway are closely tied to the broader economic trends of Craighead County and the agricultural sector of Arkansas.
Caraway, AR Inflation
Understanding the BLS and Inflation in Caraway, AR
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Caraway, AR. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Caraway, AR understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Caraway, AR using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Caraway, AR when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Caraway, AR
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