Velva, ND's Data
About Velva, ND's
Velva is a small city located in McHenry County, North Dakota, United States. Established in 1897, Velva has grown around the influence of the railroad and agriculture, reflecting the typical development pattern of many small Midwestern towns. Situated along the Souris River, it provides a picturesque setting combined with a rich historical backdrop, contributing to its local charm and community spirit.
City: Velva
State: North Dakota
Country: United States
Population: 1,084
Number of Ongoing Class I Recalls: 0
Number of Ongoing Class II Recalls: 0
Number of Ongoing Class III Recalls: 0
Company With Most Recalls: No Recalls
Things To Do in Velva, ND
Hike: Here are a couple of local trails to check out!
Local Attractions in Velva, ND
Star City Golf Course - A 9-hole golf course offering scenic views and recreational opportunities for golf enthusiasts.
Velva City Park - A community park that provides outdoor recreational facilities including picnic areas and playgrounds.
Velva Public Pool - A popular spot during the summer months, offering swimming facilities to residents and visitors.
Velva Community Museum - Showcases local history and artifacts, highlighting the city's development and heritage.
Annual Velva City Celebration - A yearly event that includes parades, games, and community activities, celebrating local culture and community spirit.
The Economy of Velva, ND
The economy of Velva is primarily driven by agriculture, with grain farming and cattle ranching being predominant. The city benefits from its position in a fertile agricultural region, which supports its local businesses and workforce. Additionally, Velva hosts several local businesses that cater to the needs of residents and the surrounding rural areas, including retail shops, service providers, and small manufacturing firms.
Velva, ND Inflation
Understanding the BLS and Inflation in Velva, ND
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Velva, ND. 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 Velva, ND understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Velva, ND 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 Velva, ND 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 Velva, ND
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