Consumer confidence fell 1.0 points last week to 83.5 points. The four-week moving average ticked up 0.1 points to 84.5 points.
'Weekly inflation expectations' remained at 5.2 per cent, while the four-week moving average was 5.0 per cent for the third consecutive week.
'Current financial conditions' (over the last year) decreased 3.1 points, while 'future financial conditions' (next 12 months) increased 3.6 points.
'Short-term economic confidence' (next 12 months) was flat, and 'medium-term economic confidence' (next five years) declined 2.7 points.
The 'time to buy a major household item' subindex was down 3.0 points.
"ANZ-Roy Morgan Australian Consumer Confidence fell 1.0 points last week to 83.5 points, following the Reserve Bank of Australia (RBA)'s Monetary Policy Board's decision to keep the cash rate on hold at 3.60 per cent last week," ANZ Economist, Sophia Angala said.
"Weekly inflation expectations remained elevated. While underlying inflation picked up in Q3, the RBA noted some of this outcome was due to "temporary factors" and expects the broader disinflation process to continue.
"The 'time to buy a major household item' subindex dropped to its lowest level since early May. Upcoming sales events such as Black Friday should provide some support to household spending, but last week's RBA hold may soften spending growth over the near term. Solid income growth, broader disinflation, and the final 25 basis point RBA rate cut we expect in February 2026 should provide momentum to the consumer recovery over the next few quarters."
