Australian consumer confidence has risen slightly in July but remains close to its lowest level in 50 years.

The Westpac-Melbourne Institute index increased by 4.1% to 83.9, still well below the 100-point level that signals optimism.

Lower fuel prices and fewer fears about rising interest rates helped improve confidence.

However, many families continue to struggle with high living costs and financial pressure.

Experts warn that global uncertainty and higher oil prices could weaken confidence again in the coming months.

Despite the small improvement, Australians remain cautious about the economy and their financial future.