Fresh Australian Bureau of Statistics figures show household spending rose 0.8 per cent in June, despite fears that previous interest rate hikes and fluctuating oil prices could slow consumption. Household spending is now up 6 per cent for the 2026 financial year following a bumpy few months. In May, household spending rose sharply by 1.3 per cent, but this was after a 1.1 per cent fall in April. AMP economist My Bui says there was little sign of cost-of-living pressures in Tuesday's household spending data. "In a nutshell, we haven't yet seen the full impact of the three rate hikes flowing to household spending patterns."