Olton, TX's Data
About Olton, TX's
Olton, Texas is a small city located in Lamb County in the northwestern part of the state. Established in 1906 and incorporated in 1925, Olton is known for its agricultural heritage, particularly in the production of cotton and grains. The city's name is derived from its original designation as 'Olton's Colony', named after the early settler W.G. Olton. With its rich farming history, Olton serves as a quintessential example of a Texas Panhandle community, characterized by its close-knit population and rural landscape.
Things To Do in Olton, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Olton, TX
Olton QUILT (Quiet Urban Interlude for Literary Time) - A community garden and reading area that promotes literacy and relaxation.
Sandcrawl Museum - Offers a look into Olton's agricultural history and local artifacts.
Running Water Draw Park - A natural habitat featuring walking trails and picnic areas.
Olton Country Club - A local golf course known for its friendly atmosphere and community events.
Annual Sandhills Celebration - A festival featuring parades, rodeos, and other community activities celebrating Olton's heritage.
The Economy of Olton, TX
The economy of Olton is predominantly based on agriculture, with cotton, grain sorghum, and wheat being the primary crops. The agricultural sector is supported by various agribusinesses that provide services such as equipment sales, seed supply, and crop processing. In addition to farming, local businesses in retail and services contribute to the economic landscape, catering to the needs of residents and the surrounding rural area.
Olton, TX Inflation
Understanding the BLS and Inflation in Olton, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Olton, 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 Olton, 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 Olton, 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 Olton, 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 Olton, TX
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