Consumer confidence fell 3.6 points last week to 76.9 points. The four-week moving average fell 1.9 points to 80.2 points.
'Weekly inflation expectations' dropped 0.5 percentage point to 5.0 per cent, while the four-week moving average ticked down 0.1 percentage point to 5.4 per cent.
'Current financial conditions' (over the last year) declined 4.1 points, while 'future financial conditions' (next 12 months) decreased 1.6 points.
'Short-term economic confidence' (next 12 months) was down 5.1 points, and 'medium-term economic confidence' (next five years) fell 5.7 points.
The 'time to buy a major household item' subindex declined 1.6 points.
ANZ-Roy Morgan Australian Consumer Confidence fell 3.6 points in the week the RBA raised the cash rate to 3.85 per cent. Participants were interviewed during the week to Sunday, so not all participants answered the survey after the RBA decision.
Confidence hit its lowest level since December 2023, after the RBA increased the cash rate to 4.35 per cent in the prior month.
The sharpest falls in the week occurred for household confidence in economic conditions, as five-year economic confidence plunged to its lowest level in 25 years of data history.
Confidence slipped across all housing cohorts, led by a sharp 5.0 point drop in confidence among outright homeowners. Those paying off their homes are now the least confident cohort.
