Milford, NY's Data
About Milford, NY's
Milford is a quaint town located in Otsego County, New York. Nestled in the scenic Susquehanna Valley, it boasts a rich history that dates back to its establishment in 1796. Over the years, Milford has maintained its small-town charm while serving as a gateway to the natural beauties of upstate New York. Its proximity to Cooperstown, a major tourist destination, adds to its historical significance, especially in the context of early American rural development.
Things To Do in Milford, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Milford, NY
Cooperstown & Charlotte Valley Railroad - Offers scenic train rides showcasing rural New York landscapes.
Wilber Park - A large recreational area with facilities for sports, picnics, and outdoor activities.
Susquehanna River - Popular for fishing, boating, and picturesque views of the surrounding countryside.
Brewery Ommegang - A short drive away, this brewery is known for its Belgian-style beers and hosts events and concerts.
Hyde Hall - A historic neoclassical mansion near Milford, offering guided tours and insights into 19th-century life.
The Economy of Milford, NY
The economy of Milford is predominantly based on agriculture, small businesses, and tourism. The town benefits from its location near Cooperstown, which draws visitors to the region, thereby supporting local hospitality and retail sectors. Additionally, Milford's agricultural sector focuses on dairy farming and craft food production, contributing to both local consumption and regional markets.
Milford, NY Inflation
Understanding the BLS and Inflation in Milford, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Milford, NY. 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 Milford, NY understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Milford, NY 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 Milford, NY 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 Milford, NY
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