Olivia, MN's Data
About Olivia, MN's
Olivia, located in Renville County, Minnesota, is known as the 'Corn Capital of the World' and serves as the county seat. The city was established in the late 19th century and has developed a rich agricultural heritage, particularly in corn production. Its strategic location in southwestern Minnesota has made it a regional hub for agriculture and commerce.
Things To Do in Olivia, MN
Hike: Here are a couple of local trails to check out!
Local Attractions in Olivia, MN
Corn Capital Days - An annual festival celebrating Olivia's status as a major agricultural center with parades, food, and games.
Renville County Historical Museum - Offers insights into the local history and heritage of Olivia and the surrounding areas.
Olivia Golf Club - A well-maintained course providing golfing opportunities for both residents and visitors.
Memorial Park - A central recreational area in Olivia featuring playgrounds, sports facilities, and picnic areas.
Olivia's downtown district - Features a variety of local shops and dining options, reflecting the small-town charm of the area.
The Economy of Olivia, MN
The economy of Olivia is predominantly based on agriculture, with a significant emphasis on corn farming and related industries. The city hosts several seed corn processing facilities, which play a crucial role in its economic landscape. Additionally, Olivia benefits from its local businesses and services that support the rural community and the agricultural sector.
Olivia, MN Inflation
Understanding the BLS and Inflation in Olivia, MN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Olivia, 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 Olivia, 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 Olivia, 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 Olivia, 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 Olivia, MN
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