Australian Consumers Optimistic Despite Rising Fuel Prices

Shoppers ride an escalator at Melbourne Central during the Boxing Day sales in Melbourne, Australia, on Dec. 26, 2021. Diego Fedele/Getty Images

Australians are feeling increasingly optimistic as the Omicron peak passes and international borders are set to reopen.

The ANZ-Roy Morgan consumer confidence index increased by 3.3 percent during the second week of February, the highest weekly gain since early April 2021.