Consumer confidence only lifting a little

ANZ/Roy Morgan's consumer confidence index ticked higher by just 1.4 per cent last week, despite continued falls in petrol prices.

Falling petrol prices are failing to give consumer confidence a major boost. (AAP)

Lower petrol prices are failing to give consumer confidence a major boost.

ANZ/Roy Morgan's consumer confidence index rose by just 1.4 per cent to 113.6 last week, bringing the index back up to its long-run average.

"An important question for the outlook is whether households will spend or save the boost to real household income from lower petrol prices," ANZ chief economist Warren Hogan said on Tuesday.