Covington, TN's Data
About Covington, TN's
Covington is a charming city located in Tipton County, Tennessee. Established in 1824, it serves as the county seat and is steeped in rich history, primarily from its involvement in the cotton industry during the 19th century. Positioned in the western part of Tennessee, north of Memphis, Covington is known for its historic downtown and its role in regional agriculture.
Things To Do in Covington, TN
Hike: Here are a couple of local trails to check out!
Local Attractions in Covington, TN
Covington's Historic Square - A picturesque downtown area with shops, restaurants, and periodic cultural events.
Tipton County Museum - Offers exhibits on local history, nature, and military artifacts.
Cobb-Parr Memorial Park - Features sports facilities, a playground, and a walking trail for recreational activities.
Ruffin Theater - A historic venue hosting local theatrical productions and community events.
Fort Wright - A Civil War fort site providing historical insights and outdoor exploration opportunities.
The Economy of Covington, TN
The economy of Covington is predominantly based on manufacturing, agriculture, and local services. Key industries include various manufacturing sectors from auto parts to industrial equipment, reflecting the city's strategic location near major transportation routes. Agriculture remains a significant part of the economy, with cotton, soybeans, and corn being primary crops. The city also benefits from its proximity to Memphis, which provides additional employment opportunities for residents.
Covington, TN Inflation
Understanding the BLS and Inflation in Covington, TN
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Covington, TN. 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 Covington, TN understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Covington, TN 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 Covington, TN 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 Covington, TN
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