Champaign, IL's Data
About Champaign, IL's
Champaign, Illinois, is a vibrant city located in the heart of the state, approximately 135 miles south of Chicago. Established in 1855 and incorporated as a city in 1860, Champaign is intrinsically linked with its neighbor, Urbana, forming the Champaign-Urbana metropolitan area. The city is best known for hosting the University of Illinois at Urbana-Champaign, a major influence on the city's culture and economy. Champaign's development was significantly boosted by the Illinois Central Railroad, which provided essential connectivity to other major cities.
Things To Do in Champaign, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Champaign, IL
Krannert Art Museum - Features a wide range of art collections from classical to contemporary.
Virginia Theatre - A historic venue that offers a variety of performances and films.
State Farm Center - Hosts concerts, sporting events, and other entertainment.
Champaign County Historical Museum - Showcases the rich history of Champaign and the surrounding area.
Meadowbrook Park - A large park featuring sculpture installations, walking trails, and natural areas.
The Economy of Champaign, IL
Champaign's economy is heavily influenced by the educational sector, primarily due to the presence of the University of Illinois, which is one of the largest employers in the region. The university not only attracts students from around the globe but also drives innovation, particularly in the fields of technology and engineering. Beyond academia, Champaign has a growing technology sector, with research parks and startups that capitalize on the resources of the university. Retail and healthcare also play significant roles in the local economy.
Champaign, IL Inflation
Understanding the BLS and Inflation in Champaign, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Champaign, IL. 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 Champaign, IL understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Champaign, IL 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 Champaign, IL 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 Champaign, IL
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