The consumer price index rose by 0.8% since the previous month, showing profits in almost every major category and an indication of increasing demand is giving companies latitude to give on higher prices.

According to Labor Department data released on Wednesday, other than the unstable food and energy components, the so-called core CPI spiked 0.9% from March, which is the most since 1982.

The profit in the total CPI was twice as much as the highest estimate in a Bloomberg survey of economists. Similar to the previous week’s monthly jobs report, forecasters are grappling hard to get a handle on the fast reopening economy.

The University of Michigan’s Consumer Sentiment Index rose to a final reading of 84.9 this month from an initial level of 83 at mid-month and from February’s 76.8.

The 8.1 point rise was the largest since a similar rise in May 2013, and it brought the index to its highest level since last March when consumer sentiment began crumbling in the face of the pandemic’s onset.

Both the current situation and the future improved as the Consumers’ attitudes changed towards it, but confidence in the future outlook improved by the most in almost a dozen years.

In March, the survey expectations index rose to 79.7 from 70.7, where a 9-point rise is the largest since April 2009. Current condition views rose from 86.2 to 93.