Baker, MT's Data
About Baker, MT's
Baker is a small city located in Fallon County, Montana. Established in 1908, Baker was named after A.G. Baker, an engineer with the Chicago, Milwaukee, St. Paul and Pacific Railroad, which played a significant role in the city's early development. Its strategic location in eastern Montana near the North Dakota border has made it a regional hub for various economic activities and a gateway to exploring the picturesque landscapes of the area.
Things To Do in Baker, MT
Hike: Here are a couple of local trails to check out!
Local Attractions in Baker, MT
O'Fallon Historical Museum - Showcases local history and culture with exhibits on the homesteading era and the oil boom.
Baker Lake - A popular recreational spot for fishing, boating, and picnicking.
Fallon County Fairgrounds - Hosts the annual Fallon County Fair, a celebrated event with rodeos, concerts, and exhibitions.
Medicine Rocks State Park - Located nearby, featuring unique rock formations and rich Native American petroglyphs.
Thee Garage Show & Shine - An annual event where classic car enthusiasts gather to display vintage and modern automobiles.
The Economy of Baker, MT
Baker's economy traditionally revolves around agriculture, oil, and gas production, which are significant contributors to local employment and economic stability. The discovery of oil in the nearby Elk Basin in the early 20th century spurred economic development and population growth. In recent years, the city has also seen growth in the service sectors, including retail, healthcare, and education, serving as a commercial center for surrounding communities.
Baker, MT Inflation
Understanding the BLS and Inflation in Baker, MT
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Baker, MT. 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 Baker, MT understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Baker, MT 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 Baker, MT 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 Baker, MT
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