Surging petrol prices drive inflation to eight-year high - papers 13th Sept

Data from the Office for National Statistics (ONS) is set to show Consumer Price Index (CPI) inflation rose to 2.4% in August after hitting 2.3% in July, says The Telegraph Last month's unexpectedly strong rise was driven by higher petrol prices following the recent surge in the price of crude oil. This took inflation to its highest level since records for CPI began in January 1997. IN A SEPARATE REPORT The Telegraph says SWISS RE yesterday became the first of Europe's reinsurance giants to admit losses from Hurricane Katrina would be far higher than originally though. The Zurich-ba...