Frankfort, NY's Data
About Frankfort, NY's
Frankfort Village, located in Herkimer County, New York, is a small yet historically rich community. Established in 1796, it is nestled in the Mohawk Valley region, an area known for its pivotal role in early American history. Frankfort has been a witness to significant industrial growth in the 19th and early 20th centuries, primarily due to its strategic location along the Erie Canal and later, the railroad networks.
Things To Do in Frankfort, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Frankfort, NY
Erie Canal Lock 19 - A historic lock offering insights into the engineering marvel of the Erie Canal.
Herkimer County Fairgrounds - Hosts annual fairs and events, showcasing local culture and agriculture.
Moss Island - Known for unique geological formations and popular among rock climbing enthusiasts.
Frankfort Free Library - A central community hub offering a range of educational and cultural programs.
Prospect Falls Winery - A local winery known for its delightful regional wines and scenic views.
The Economy of Frankfort, NY
The economy of Frankfort Village has traditionally been anchored by manufacturing and agriculture, reflecting the broader economic activities of Herkimer County. In recent decades, there has been a shift towards service-oriented industries, including retail and healthcare. Small businesses and family-owned enterprises also play a critical role in the local economy, contributing to the community's resilience.
Frankfort, NY Inflation
Understanding the BLS and Inflation in Frankfort, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Frankfort, 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 Frankfort, 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 Frankfort, 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 Frankfort, 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 Frankfort, NY
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