Inflation occurs when the prices of goods and services increase over time. Inflation cannot be measured by an increase in the cost of one product or service, or even several products or services. Rather, inflation is a general increase in the overall price level of the goods and services in the economy.
Elverson, Pennsylvania. Elverson is a borough in Chester County, Pennsylvania, United States. The population was 1,225 at the 2010 census. Settled near the region's early iron mines, Elverson is close to Hopewell Furnace National Historic Site, an example of a 19th-century iron plantation.
Not to be confused with Elwood City (Arthur) . Ellwood City is a borough in Beaver and Lawrence counties in the U.S. state of Pennsylvania. Ellwood City is 30 miles (48 km) northwest of Pittsburgh and some 8 miles (13 km) south-southeast of New Castle. In the past, Ellwood City sustained many heavy industries such as steel-tube mills, steel-car works, building-stone and limestone quarries, foundries and machine shops, and coal-mining. In 1900, 2,243 people lived in Ellwood City, 3,902 lived there in 1910, and 12,329 lived there in 1940. The population was 7,921 at the 2010 census. Of this, 7,289 were in Lawrence County, and 632 in Beaver County.