News about consumer confidence

Australians recorded one of the steepest falls in consumer confidence among developed countries over the past year, as stubborn inflation and rising interest rates squeezed household budgets. According to OECD figures, Australian consumer confidence fell 1.1 index points in the 12 months to September, with only Chile and Belgium recording sharper declines. The article says the drop highlights the Albanese government's struggle to convince voters it is doing enough to address cost-of-living pressures.