Parachute, CO's Data
About Parachute, CO's
Parachute, Colorado, is a small town located in Garfield County in the western part of the state. It is nestled in the scenic Grand Valley, surrounded by rugged terrain and the Colorado River. The town was originally named 'Grand Valley' but was renamed 'Parachute' after the parachute-shaped creek that flows through the area. The town's history is deeply intertwined with the oil shale industry, which saw a boom in the early 20th century.
Things To Do in Parachute, CO
Hike: Here are a couple of local trails to check out!
Local Attractions in Parachute, CO
Parachute Creek - A natural creek whose parachute-like shape gave the town its name.
Battlement Mesa Golf Club - A challenging golf course with scenic views of the surrounding mesa.
Cottonwood Park - A community park offering recreational facilities and outdoor activities.
Parachute Historical Society - Dedicated to preserving the history and heritage of Parachute and the surrounding area.
Colorado River Access - Provides opportunities for fishing, rafting, and other water sports.
The Economy of Parachute, CO
The economy of Parachute is primarily driven by the energy sector, particularly natural gas extraction and oil shale development. The town has experienced economic fluctuations in line with the booms and busts of the energy industry. Retail and services also contribute to the local economy, catering to residents and travelers along Interstate 70.
Parachute, CO Inflation
Understanding the BLS and Inflation in Parachute, CO
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Parachute, CO. 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 Parachute, CO understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Parachute, CO 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 Parachute, CO 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 Parachute, CO
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