Midway, KY's Data
About Midway, KY's
Midway is a small city situated in Woodford County, Kentucky, known for its rich history and strategic location between Lexington and Frankfort. Founded in 1835 around the first railroad in Kentucky, the city was named for its position midway between these larger cities. Midway's development was significantly influenced by the railroad, which spurred economic growth and facilitated its role in the region's transportation network.
Things To Do in Midway, KY
Hike: Here are a couple of local trails to check out!
Local Attractions in Midway, KY
Midway Museum - A museum showcasing local history and the city's development around the railroad.
Midway University - Notable for its picturesque campus and role in higher education in Kentucky.
Weisenberger Mill - An operational mill since 1865, offering insights into the traditional milling process and local culinary heritage.
Railroad Street - The historic downtown area with unique shops, eateries, and boutiques reflecting the city's charm and history.
Walter Bradley Park - A popular recreational spot for families and visitors, featuring trails, playgrounds, and scenic views.
The Economy of Midway, KY
The economy of Midway is diversified, with a strong emphasis on education, local manufacturing, and tourism. The presence of Midway University, a major educational institution, contributes significantly to the local economy through employment and student spending. The city also benefits from its proximity to the Kentucky Bourbon Trail and its historical sites, attracting tourists year-round. Additionally, Midway supports various local businesses and craftspeople, which add to the economic vibrancy of the city.
Midway, KY Inflation
Understanding the BLS and Inflation in Midway, KY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Midway, KY. 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 Midway, KY understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Midway, KY 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 Midway, KY 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 Midway, KY
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