Philo, IL's Data
About Philo, IL's
Philo is a small village located in Champaign County, Illinois. Established in 1875, Philo is part of the Champaign-Urbana Metropolitan Area. The village was named after the founder, Philo Hale. The area is known for its rich agricultural setting, which has played a significant role in its development and local culture.
Things To Do in Philo, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Philo, IL
Philo Tavern - A popular local eatery known for its cozy dining atmosphere.
Hale Park - A community park offering recreational facilities and open spaces for various sports and events.
Philo Country Quilt Shop - A charming store specializing in quilts and fabrics, reflecting the local craft traditions.
The Philo Exchange Bank - A historic bank that has been serving the community since the early 20th century.
Winter Wheat - A local landmark known for its scenic fields, particularly beautiful during the harvest season.
The Economy of Philo, IL
The economy of Philo is predominantly based on agriculture, reflecting its location in one of the richest corn and soybean producing regions in Illinois. The village's economic activities are closely tied to the broader economic landscape of the Champaign-Urbana area, which includes education, healthcare, and technology, benefiting from proximity to the University of Illinois.
Philo, IL Inflation
Understanding the BLS and Inflation in Philo, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Philo, 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 Philo, 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 Philo, 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 Philo, 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 Philo, IL
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