Phelps, NY's Data
About Phelps, NY's
Phelps is a town located in Ontario County, New York, with a rich history dating back to its establishment in 1796. Named after early settler Oliver Phelps, the town is situated in the Finger Lakes region, known for its picturesque landscapes and vibrant agricultural community. Phelps has played a significant role in the region's development, historically serving as a hub for various mills and agricultural pursuits.
Things To Do in Phelps, NY
Hike: Here are a couple of local trails to check out!
Local Attractions in Phelps, NY
Clifton Springs Spa - Historic spa known for its mineral springs and wellness treatments.
Phelps Community Center - A hub for local events, sports, and recreational activities.
Phelps Hotel - A historic hotel offering a glimpse into the 19th-century lodging experience.
Sauders Store - A popular local market specializing in Amish goods and homemade products.
Ontario Pathways - Scenic walking and biking trails that traverse through the heart of the Finger Lakes region.
The Economy of Phelps, NY
The economy of Phelps is predominantly based on agriculture, benefiting from the fertile soil of the Finger Lakes region. The area is renowned for its production of grains, fruits, and vegetables. Additionally, Phelps has seen growth in the retail and service sectors, supporting the local tourism industry driven by the natural beauty and historical sites of the area.
Phelps, NY Inflation
Understanding the BLS and Inflation in Phelps, NY
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Phelps, 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 Phelps, 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 Phelps, 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 Phelps, 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 Phelps, NY
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