The Deposit Insurance Corporation (LPS) reported that the Consumer Savings Index (IMK) score stood at 79.5 in March 2026, a decrease of 3.9 points from the previous month.
The decline occurred because two components of IMK, namely the Savings Capacity Index (IKPM) and the Savings Will Index (IKMM), also fell. IKPM dropped by 3 points to 72, while IKMM decreased by 4.8 points to 87.1.
"The decline in IMK indicates a decrease in consumers' willingness and ability to save, due to spending on Eid al-Fitr needs and unexpected expenses," LPS wrote in its report.
LPS then detailed the components of IKPM and IKMM. The weakening of the IKPM component was driven by a decrease in the proportion of respondents who stated that they often save money, from 19% in February 2026 to 17.7% in March 2026.
The proportion of respondents who assessed that the amount saved was smaller than planned increased from 35.5% to 40.7% in March 2026.
Meanwhile, the weakening of the IKMM component was due to an increase in respondents who assessed that now is not the right time to save, from 48.1% in February 2026 to 53.7% in March 2026.
Correspondingly, the percentage of respondents who stated that the next three months are not the right time to save also increased, from 31.4% in February 2026 to 33.9% in March 2026.
LPS also reported that the IMK movement in some household groups (RT) tended to decline in March 2026.
The most significant decline in IMK was observed in the RT group with an income of Rp1.5 million-Rp3 million per month (-6.1 points), followed by IMK of RTs with an income of up to Rp1.5 million per month (-2.6 points), and IMK of RTs with an income of over Rp3 million-Rp7 million per month (-2.0 points).
However, IMK of RTs with an income of over Rp7 million per month remained stable above the 100 level, and strengthened by 3.3 points in March 2026.