Groton, CT's Data
About Groton, CT's
Groton, located in New London County, Connecticut, is a city rich in maritime history and known for its significant role in naval affairs. Established in 1705, it is strategically positioned along the Thames River and near the Atlantic Ocean, enhancing its historical maritime importance. Groton is often recognized for hosting the U.S. Naval Submarine Base, the first of its kind in the U.S., and the General Dynamics Electric Boat Corporation, which has been manufacturing submarines since 1899.
City: Groton
State: Connecticut
Country: United States
Population: Approximately 9,200
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Groton, CT
Hike: Here are a couple of local trails to check out!
Local Attractions in Groton, CT
U.S. Naval Submarine Base - A key naval installation and home to many submarines.
The Submarine Force Museum - Features the USS Nautilus, the world's first nuclear-powered submarine.
Bluff Point State Park - Offers scenic views and trails for hiking and biking.
Fort Griswold Battlefield State Park - A historic site of a Revolutionary War battle.
Mystic Aquarium - Located nearby, with marine exhibits and educational programs.
The Economy of Groton, CT
The economy of Groton is heavily influenced by its naval and maritime industries. The presence of the U.S. Naval Submarine Base and the Electric Boat Corporation, which designs and builds submarines for the U.S. Navy, are pivotal to the local economy, providing thousands of jobs and fostering numerous ancillary businesses. Additionally, tourism, driven by the city's rich history and attractions related to its naval heritage, plays a crucial role in the economic landscape.
Groton, CT Inflation
Understanding the BLS and Inflation in Groton, CT
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Groton, CT. 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 Groton, CT understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Groton, CT 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 Groton, CT 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 Groton, CT
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