Consumer confidence fell 0.6pts last week to 86.4 points. The four-week moving average decreased 0.3 points to 87.6 points.
'Weekly inflation expectations' lifted 0.3 percentage point to 5.0 per cent, while the four-week moving average was unchanged at 4.7 per cent.
'Current financial conditions' (over the last year) ticked down 0.1 points, while 'future financial conditions' (next 12 months) declined 3.2 points.
'Short-term economic confidence' (next 12 months) rose 1.2 points, and 'medium-term economic confidence' (next five years) eased 1.0 points.
The 'time to buy a major household item' subindex lowered 0.1 points.
"ANZ-Roy Morgan Australian Consumer Confidence fell 0.6 points last week to 86.4 points, largely driven by lower confidence in the 12-month financial outlook. Economic confidence slightly rose. Weekly inflation expectations lifted to 5.0% last week with inflation data last week pointing to a stalling in disinflation," ANZ Economist, Sophia Angala said.
"Confidence across the housing cohorts has converged. Confidence of outright homeowners has fallen, while mortgage holder confidence has risen likely due to the fall in interest rates in February and May. Confidence of mortgage holders at its highest level in three years."
Please note the next ANZ-Roy Morgan Australian Consumer Confidence report will be released on Wednesday 11 June due to the King's Birthday public holiday.
