Montevideo, MN's Data
About Montevideo, MN's
Montevideo, situated in Chippewa County, Minnesota, serves as the county seat and is named after the capital of Uruguay, reflecting a historical bond of peace. Established in the mid-19th century, the city is strategically located at the confluence of the Minnesota and Chippewa Rivers, enhancing its historical significance as a transportation and trade hub. This location has played a pivotal role in its development and historical relevance, particularly during periods of early settlement and economic growth.
City: Montevideo
State: Minnesota
Country: United States
Population: Approximately 5,000 residents as of the latest estimates.
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Montevideo, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Montevideo, MN
Historic Chippewa City - A preserved village featuring over 20 buildings from the 19th century.
Lagoon Park - Offers scenic views, walking trails, and a peaceful environment for relaxation.
Montevideo Veterans Home - A facility dedicated to the care of veterans, surrounded by well-maintained landscapes.
Smith Park - Known for its annual Fiesta Days celebrating the city's cultural heritage.
The Hollywood Theater - A historic cinema that provides entertainment and cultural events to the community.
The Economy of Montevideo, MN
The economy of Montevideo has traditionally been anchored by agriculture, given its location in a fertile farming area of Minnesota. This sector continues to drive much of the local economy, supported by agribusiness and related industries. In recent years, there has been a diversification with the growth of manufacturing, healthcare, and retail sectors, contributing to economic stability and providing employment opportunities to the local population.
Montevideo, MN Inflation
Understanding the BLS and Inflation in Montevideo, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Montevideo, 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 Montevideo, 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 Montevideo, 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 Montevideo, 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 Montevideo, MN
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