# Pent-up demand, shortages fuel U.S. inflation | Reuters

> US consumer prices surged in April, with core PCE inflation rising 0.7% monthly and 3.1% year-on-year, the largest annual gain since 1992. Analysts attributed the increase to pent-up demand and supply constraints as the economy reopens. The Fed chair maintains that inflation will be transitory.

- Date: 2021-05-28 · published 2021-05-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/47006-pent-up-demand-shortages-fuel-u-s-inflation-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad inflation strength supports commodity price expectations and raises input cost pressure for feed producers. Fed reassurance that policy will not change limits the immediate dollar reaction.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-28 | [US grain transportation demand remains strong in Q4 \| Feed & Grain](https://feedsoft.ai/events/16483-us-grain-transportation-demand-remains-strong-in-q4-feed-and-grain.md) | +0.7% | -0.3% |
| CORN | 2022-04-08 | [Food prices hit record high in March, U.N. agency says \| Reuters](https://feedsoft.ai/events/41886-food-prices-hit-record-high-in-march-u-n-agency-says-reuters.md) | -0.7% | -6.4% |
| CORN | 2025-02-01 | [U.S. Ethanol Production and Exports Hit Records in 2024, New Data Show](https://feedsoft.ai/events/26055-u-s-ethanol-production-and-exports-hit-records-in-2024-new-data-show.md) | +0.6% | -3.9% |
| CORN | 2018-04-27 | [U.S. exported a record amount of fuel ethanol in 2017 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/65496-u-s-exported-a-record-amount-of-fuel-ethanol-in-2017-u-s-energy-information.md) | +2.1% | +4.1% |
| CORN | 2022-07-11 | [FAS report shares growing demand for feed in China \| MEAT+POULTRY](https://feedsoft.ai/events/40470-fas-report-shares-growing-demand-for-feed-in-china-meat-poultry.md) | -14.4% | -15.9% |
| DXY | 2022-08-10 | [Relief over US inflation drives rand up the most since 2017](https://feedsoft.ai/events/40333-relief-over-us-inflation-drives-rand-up-the-most-since-2017.md) | -0.1% | +2.4% |
| 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% |
| DXY | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.1% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/business/retail-consumer/us-consumer-inflation-surges-april-2021-05-28/

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