Zimbabwe's month-on-month inflation rate dropped to 18.07 percent in August 2019 from 21.04 percent in July, as prices slowed for food & non-alcoholic beverages (18.6 percent vs 19.9 percent in July) and miscellaneous goods & services (18.8% vs 39.8%). In contrast, cost continued to advance for housing & utilities (13.7% vs 9.1%), amid an increase in electricity tariffs to support the power utility company ZESA Holdings and reduce rolling blackouts in the country. Also, inflation was higher for transport (32.6% vs 26.4%), as prices of petrol and diesel were hiked four times during the month. The government has suspended the publication of year-on-year inflation figures until February 2020 following the adoption of a new currency. The Reserve Bank of Zimbabwe hiked its overnight lending rate to 70 percent on September 13th, 2019, from 50 percent and introduced foreign currency savings bonds, to curb rising inflation and support the local currency. Inflation Rate Mom in Zimbabwe averaged 1.07 percent from 2009 until 2019, reaching an all time high of 39.26 percent in June of 2019 and a record low of -3 percent in February of 2009.