Consumer confidence rose 2.9 points last week to 87.1 points. The four-week moving average increased 0.3 points to 84.8 points.
'Weekly inflation expectations' lifted 0.2 percentage point to 5.4 per cent, while the four-week moving average increased 0.2 percentage point to 5.3 per cent.
'Current financial conditions' (over the last year) was up 0.6 points, while 'future financial conditions' (next 12 months) increased 2.0 points.
'Short-term economic confidence' (next 12 months) gained 1.8 points, and 'medium-term economic confidence' (next five years) climbed 3.6 points.
The 'time to buy a major household item' subindex jumped 6.0 points.
ANZ Economist, Sophia Angala said: "ANZ-Roy Morgan Australian Consumer Confidence rose 2.9 points last week to 87.1 points, its highest level since early September. All subindices recorded an increase last week, but the result was driven by a jump in the 'time to buy a major household item' subindex. This was likely linked to sales events ahead of Black Friday on the 28 November.
"Weekly inflation expectations lifted to its highest rate since December 2023. Last week's rise comes ahead of the first release of the full monthly Consumer Price Index (CPI) for October (due 26 November), which we expect to show slight disinflation compared to September."
