Palo, IA's Data
About Palo, IA's
Palo is a small city situated in Linn County, Iowa, United States, part of the Cedar Rapids Metropolitan Statistical Area. Established in 1857, Palo has maintained its small-town charm while being close to larger city amenities. The city's history is closely tied to the development of the region, especially in relation to agriculture and the nearby Cedar River.
Things To Do in Palo, IA
Hike: Here are a couple of local trails to check out!
Local Attractions in Palo, IA
Palo Community Park - A local park offering recreational facilities and events.
Matsell Bridge Natural Area - A nearby area known for its hiking trails and natural beauty.
Pleasant Creek State Recreation Area - Popular for its fishing, boating, and camping opportunities.
Cedar River - Offers activities like fishing, boating, and scenic views.
Cedar Valley Nature Trail - A trail ideal for biking and walking, connecting several communities.
The Economy of Palo, IA
The economy of Palo is primarily driven by its proximity to Cedar Rapids, which allows residents to partake in the economic activities of a larger urban center. Key sectors include service industries, retail, and manufacturing. The presence of the Duane Arnold Energy Center, a nuclear power plant that was operational until 2020, has also been significant in the local economy.
Palo, IA Inflation
Understanding the BLS and Inflation in Palo, IA
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Palo, IA. 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 Palo, IA understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Palo, IA 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 Palo, IA 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 Palo, IA
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