# Surging gasoline, food prices fan U.S. inflation

> US consumer prices rose more than the 0.6% Reuters economists had forecast, led by a 6.1% jump in gasoline prices. Food prices also contributed to the broad-based increase. Brent crude had gained strongly over the period.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44247-surging-gasoline-food-prices-fan-u-s-inflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher energy and food costs feed into farm input and feed costs and raise pressure on the Fed to tighten policy. The inflation data also supports the case for a stronger dollar, which can weigh on dollar-priced commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-11 | [U.S. producer inflation rises on strong services gains \| Reuters](https://feedsoft.ai/events/63949-u-s-producer-inflation-rises-on-strong-services-gains-reuters.md) | +0.5% | +0.4% |
| DXY | 2022-01-12 | [Dollar slumps as U.S. inflation surge comes in line with expectations](https://feedsoft.ai/events/43389-dollar-slumps-as-u-s-inflation-surge-comes-in-line-with-expectations.md) | -0.2% | -0.0% |
| DXY | 2022-11-15 | [Slower U.S. producer price growth adds to improving inflation outlook \| Reuters](https://feedsoft.ai/events/38598-slower-u-s-producer-price-growth-adds-to-improving-inflation-outlook-reuters.md) | +1.0% | -1.3% |
| DXY | 2021-05-28 | [Pent-up demand, shortages fuel U.S. inflation \| Reuters](https://feedsoft.ai/events/47006-pent-up-demand-shortages-fuel-u-s-inflation-reuters.md) | -0.1% | +1.0% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |

## Sources

- reuters.com: https://www.reuters.com/business/us-consumer-prices-surge-weekly-jobless-claims-fall-2021-11-10/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.