Hereford, TX's Data
About Hereford, TX's
Hereford, located in Deaf Smith County, Texas, is often recognized as the 'Beef Capital of the World' due to its significant role in the cattle industry. The city was founded in 1899, named after the Hereford cattle that dominate the local agriculture. Situated in the Texas Panhandle, it serves as a pivotal hub for farming and meatpacking.
Things To Do in Hereford, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Hereford, TX
Deaf Smith County Historical Museum - Offers exhibits on local history, agriculture, and the railroad industry.
John Pitman Municipal Golf Course - A popular local golf course known for its well-kept greens and fairways.
Aquatic Center - A family-friendly destination featuring pools and water slides for recreational activities.
Veterans War Memorial - A tribute to veterans, located in a peaceful park setting.
Hereford Regional Medical Center Health Walk - A scenic walking trail promoting health and wellness.
The Economy of Hereford, TX
The economy of Hereford is heavily reliant on agriculture, particularly cattle ranching and meatpacking, which are supported by the area's large feedlots. In addition to beef production, the region's economy is bolstered by corn, wheat, and ethanol production. The presence of large agribusinesses contributes to the local economy, providing numerous employment opportunities.
Hereford, TX Inflation
Understanding the BLS and Inflation in Hereford, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Hereford, TX. 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 Hereford, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Hereford, TX 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 Hereford, TX 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 Hereford, TX
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