Zimbabwe's month-on-month inflation rate decreased to 17.70 percent in September 2019, its lowest level since May, from 18.07 percent in August. This is the third consecutive month that price growth slowed, mainly due to prices of transport (16.8% vs 32.6% in August). Meanwhile, cost continued to climb for food & non-alcoholic beverages (19.5% vs 18.6%); housing & utilities (15.5% vs 13.7%), amid continued hikes in electricity tariffs to support the indebted power utility ZESA Holdings; clothing & footwear (17.5% vs 10.8%); miscellaneous goods & services (35% vs 18.8%); recreation & culture (18% vs 12.7%) and furnishings (14.7% vs 11.2%). 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 and introduced foreign currency savings bonds, to curb rising inflation and support the local currency. Inflation Rate Mom in Zimbabwe averaged 1.34 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.