Somerset, WI's Data
About Somerset, WI's
Somerset, Wisconsin, is a village located in St. Croix County in the northwestern part of the state. Established in the mid-19th century, Somerset was initially settled by French-Canadian loggers and has a rich history tied to the lumber industry. The village is situated on the Apple River, enhancing its picturesque landscape and providing a variety of recreational opportunities. Somerset is also known for its vibrant community events and cultural heritage, which reflect its diverse origins.
Things To Do in Somerset, WI
Hike: Here are a couple of local trails to check out!
Local Attractions in Somerset, WI
Apple River - Popular for tubing and camping, offering scenic views and outdoor activities.
Somerset Amphitheater - Hosts a variety of concerts and events, drawing both local and national acts.
Pea Soup Days Festival - An annual event featuring parades, food stalls, and games, celebrating the community spirit of Somerset.
Bass Lake Cheese Factory - Offers tours and cheese tasting, showcasing local dairy craftsmanship.
Somerset Historical Society - Provides insights into the village's past with exhibits and artifacts related to its lumbering history.
The Economy of Somerset, WI
The economy of Somerset, WI, has historically been anchored by the lumber industry, due to its location near abundant forest resources and the Apple River. In recent decades, the local economy has diversified to include manufacturing, retail, and service sectors. Tourism also plays a significant role, driven by outdoor recreational activities and annual events such as the Somerset Pea Soup Days festival, which attracts visitors from the region.
Somerset, WI Inflation
Understanding the BLS and Inflation in Somerset, WI
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Somerset, WI. 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 Somerset, WI understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Somerset, WI 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 Somerset, WI 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 Somerset, WI
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