Canton, MI's Data
About Canton, MI's
Canton, officially known as the Charter Township of Canton, is located in Wayne County in the state of Michigan. Established in 1834, this township is part of the Metro Detroit area and has grown significantly since its rural beginnings. Canton's strategic position, roughly midway between the cities of Ann Arbor and Detroit, enhances its appeal as a residential and business community.
Things To Do in Canton, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Canton, MI
The Village Theater at Cherry Hill - A premier venue for performing arts and cultural events in the community.
Summit on the Park - A comprehensive fitness and aquatic center that serves as a community hub for recreation and wellness.
Pheasant Run Golf Club - A challenging 27-hole golf course that offers scenic beauty and recreational facilities.
Heritage Park - A large park featuring an amphitheater, walking trails, and sports facilities, hosting community events and activities.
Canton Historical Society and Museum - Showcases local history through exhibits and collections, highlighting the township's development and heritage.
The Economy of Canton, MI
Canton's economy is robust and diverse, featuring a mix of retail, manufacturing, and service industries. The township benefits from its proximity to major economic centers in Michigan, which facilitates business growth and employment opportunities. Major shopping centers like the Canton Center and the presence of large retailers underscore the township's role as a regional commercial hub.
Canton, MI Inflation
Understanding the BLS and Inflation in Canton, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Canton, MI. 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 Canton, MI understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Canton, MI 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 Canton, MI 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 Canton, MI
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