Olney, TX's Data
About Olney, TX's
Olney is a small city located in Young County, Texas, part of the United States. Founded in the early 1900s, Olney has a rich history rooted in agriculture and oil, which shaped its development. The city is strategically situated approximately 130 miles northwest of Fort Worth, making it a notable point in the region for local commerce and community activities. Olney is recognized for its friendly atmosphere and strong community spirit, which are hallmarks of this quaint Texan town.
Things To Do in Olney, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Olney, TX
Olney Community Library and Arts Center - Offers resources, programs, and events that enrich the cultural life of the community.
Fort Belknap - Historical site nearby that traces back to Texas' early frontier military history.
Olney Heritage Museum - A museum showcasing local history, artifacts, and exhibits on the region's agricultural and oil industries.
The Olney Recreation Center - Provides a variety of sports, fitness, and recreational activities for residents.
Hamilton Park - A local park offering outdoor recreation opportunities including picnicking, walking trails, and playgrounds.
The Economy of Olney, TX
The economy of Olney is primarily driven by agriculture, healthcare, and oil production. The city's agricultural sector focuses on cotton farming and cattle ranching, which have been traditional economic pillars. Additionally, Olney benefits from its local hospital, which not only provides medical services but also contributes significantly to the employment and economic stability of the area. The presence of oil fields nearby also plays a crucial role in the local economy, influencing job creation and economic trends.
Olney, TX Inflation
Understanding the BLS and Inflation in Olney, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Olney, 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 Olney, 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 Olney, 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 Olney, 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 Olney, TX
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