Tolono, IL's Data
About Tolono, IL's
Tolono is a village located in Champaign County, Illinois, United States. Founded in the mid-19th century, Tolono became an important community in the region due to its location along the Illinois Central Railroad. This strategic position fostered its growth and development, making it a vital hub for transportation and commerce in its early years. The village's name, according to local lore, is derived from the Native American word for 'fork in the road,' reflecting its geographical and historical significance as a junction point.
Things To Do in Tolono, IL
Hike: Here are a couple of local trails to check out!
Local Attractions in Tolono, IL
West Side Park - A popular local park offering recreational facilities and open spaces for various outdoor activities.
Tolono Public Library - A key resource for education and community events, fostering learning and local engagement.
Monarch Brewing Company - A local brewery known for its craft beers and community-focused events.
Heritage Lake - A scenic area near Tolono, ideal for fishing, boating, and picnicking.
Downtown Tolono - Features a variety of local businesses and eateries, reflecting the small-town charm of the village.
The Economy of Tolono, IL
The economy of Tolono is primarily driven by local businesses, agriculture, and its proximity to larger urban centers like Champaign-Urbana. The village benefits from its location within a fertile agricultural region, which supports farming and related industries. Additionally, its close distance to the University of Illinois at Urbana-Champaign contributes to its economy through the education sector and the spending power of students and university staff who reside in or visit the village.
Tolono, IL Inflation
Understanding the BLS and Inflation in Tolono, IL
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Tolono, 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 Tolono, 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 Tolono, 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 Tolono, 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 Tolono, IL
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