Coleraine, MN's Data
About Coleraine, MN's
Coleraine, Minnesota, is a small city located in Itasca County, notable for its historical roots in the mining industry. Founded in 1906, Coleraine was established by the Oliver Iron Mining Company and named after Coleraine in Northern Ireland, reflecting the heritage of its early settlers. The city is strategically positioned near Trout Lake on the Mesabi Iron Range, which played a crucial role in its development.
Things To Do in Coleraine, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Coleraine, MN
Eagle Ridge Golf Course - A scenic golf course offering 18 holes with beautiful views and challenging play.
Trout Lake - Popular for its excellent fishing, boating, and picturesque surroundings.
Mount Itasca - A winter sports center providing skiing, snowboarding, and ski jumping facilities.
Coleraine Public Library - A key resource for the community with a wide range of educational and cultural programs.
Longyear Park - A local park that offers recreational facilities, including a playground, picnic areas, and sports fields.
The Economy of Coleraine, MN
The economy of Coleraine has historically been anchored by the mining industry, particularly iron ore extraction, which was pivotal in the city's early growth. Although mining remains a significant economic factor, the local economy has diversified over the years. Today, it includes sectors such as retail, education, and healthcare, supported by the presence of local schools and medical facilities. The city also benefits from tourism, thanks to its scenic landscapes and recreational opportunities.
Coleraine, MN Inflation
Understanding the BLS and Inflation in Coleraine, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Coleraine, MN. 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 Coleraine, MN understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Coleraine, MN 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 Coleraine, MN 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 Coleraine, MN
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