israelis shop at a food market ahead of the upcoming jewish holiday of passover as the country begins to emerge from coronavirus disease covid19 pandemic closures due to its rapid vaccine rollout in tel aviv israel march 26 2021 reuterscorinna kern jerusalem sept 15 reuters  israels annual consumer price index cpi of inflation dipped to a 46 rate in august the central bureau of statistics said on thursday easing from a 14year high of 52 in july and after aggressive bank of israel rate hikes in recent months a reuters poll of analysts had projected an inflation rate of 48 last month cpi fell 03 in august from july led by declines in transport telecommunications clothing and footwear the bureau said in a bid to cool inflation israels central bank has raised its benchmark rate ilinreci to 2 from 01 in april the last move a strong 75 basispoint hike on aug 22 policymakers are expected to raise the key rate again by at least another 50 basis points at its next decision on oct 3