Gibraltar, MI's Data
About Gibraltar, MI's
Gibraltar is a charming city located in Wayne County in the state of Michigan. It is situated along the Detroit River, which plays a significant role in its geographic and cultural identity. Established in 1954, Gibraltar has a rich history intertwined with the development of the region, particularly in relation to the river and the Great Lakes. The city's strategic location has made it an important area historically, with indigenous peoples, European explorers, and American settlers all playing roles in its development.
Things To Do in Gibraltar, MI
Hike: Here are a couple of local trails to check out!
Local Attractions in Gibraltar, MI
Gibraltar Bay Alpaca Farm - A unique local farm offering visitors a chance to interact with alpacas and purchase alpaca wool products.
Humbug Marina - Popular marina providing boating access to the Detroit River and Lake Erie, with services for boaters and fishing enthusiasts.
Hydro Park - A scenic park along the waterfront, ideal for picnics, fishing, and observing local wildlife.
Pointe Mouillee State Game Area - A large state-managed wildlife conservation area nearby, popular for bird watching and hunting.
Lake Erie Metropark - Located close to Gibraltar, this park features a golf course, wave pool, and extensive trails for hiking and bird watching.
The Economy of Gibraltar, MI
The economy of Gibraltar, Michigan, is largely influenced by its proximity to the Detroit River and Lake Erie. This geographical advantage supports a strong recreational boating industry. Local businesses often cater to boaters and tourists, with services and amenities designed to support water-based activities. Additionally, there is a mix of retail, dining, and small manufacturing sectors that contribute to the local economy. The city's economic landscape is also bolstered by its residential community, which supports local businesses and services.
Gibraltar, MI Inflation
Understanding the BLS and Inflation in Gibraltar, MI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Gibraltar, 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 Gibraltar, 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 Gibraltar, 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 Gibraltar, 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 Gibraltar, MI
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