diff --git a/Lib/test/test_compile.py b/Lib/test/test_compile.py
index 566ca27..55716fd 100644
--- a/Lib/test/test_compile.py
+++ b/Lib/test/test_compile.py
@@ -750,6 +750,16 @@
             self.assertEqual(None, opcodes[0].argval)
             self.assertEqual('RETURN_VALUE', opcodes[1].opname)
 
+    def test_big_dict_literal(self):
+        # The compiler has a flushing point in "compiler_dict" that calls compiles
+        # a portion of the dictionary literal when the loop that iterates over the items
+        # reaches 0xFFFF elements but the code was not including the boundary element,
+        # dropping the key at position 0xFFFF. See bpo-41531 for more information
+
+        dict_size = 0xFFFF + 1
+        the_dict = "{" + ",".join(f"{x}:{x}" for x in range(dict_size)) + "}"
+        self.assertEqual(len(eval(the_dict)), dict_size)
+
 class TestExpressionStackSize(unittest.TestCase):
     # These tests check that the computed stack size for a code object
     # stays within reasonable bounds (see issue #21523 for an example
diff --git a/Misc/NEWS.d/next/Core and Builtins/2020-08-12-19-32-15.bpo-41531.WgPzjT.rst b/Misc/NEWS.d/next/Core and Builtins/2020-08-12-19-32-15.bpo-41531.WgPzjT.rst
new file mode 100644
index 0000000..8544664
--- /dev/null
+++ b/Misc/NEWS.d/next/Core and Builtins/2020-08-12-19-32-15.bpo-41531.WgPzjT.rst
@@ -0,0 +1,2 @@
+Fix a bug that was dropping keys when compiling dict literals with more than
+0xFFFF elements. Patch by Pablo Galindo.
diff --git a/Python/compile.c b/Python/compile.c
index 7ec92e0..51af28b 100644
--- a/Python/compile.c
+++ b/Python/compile.c
@@ -3890,7 +3890,7 @@
         }
         else {
             if (elements == 0xFFFF) {
-                if (!compiler_subdict(c, e, i - elements, i)) {
+                if (!compiler_subdict(c, e, i - elements, i + 1)) {
                     return 0;
                 }
                 if (have_dict) {