With CPI already spiking 11.8 percent for the first ten months of the fiscal year, the average CPI inflation for the same period last year stood at 22.35 percent. Some economists insist the current bout of inflationary pressures is spawned by increasing prices of fuel, food, raw materials, transportation, construction materials, elimination of energy subsidies, etc. as indicated by the spike in the wholesale price index (WPI), which rose 21.99 per cent in April from a year earlier.
Explain what type of inflation Pakistan is experiencing.