Declining, Index Saving Consumers In May Reaches Level 79.0

JAKARTA - The Deposit Insurance Corporation (LPS) reported that the Consumer Saving Index (IMK) in May 2025 was at the level of 79.0 or weakened by 4.4 points from the previous month's position.

This is in line with the decrease in the components of the Saving Time Index (IWM) by 1.7 points in the same period to the level of 92.9 and the Savings Intensity Index (IIM) which fell 7.1 points to the level of 65.1.

"This development indicates plans and intensity of saving that tend to weaken," said LPS Research Group Director Seto Wardono, Monday, June 2.

Seto explained, this is partly related to higher household spending for education during the admission period of new students and before the start of the new school year. In addition, there is also an increase in the number of respondents who reduce their savings to pay debt installments.

Furthermore, the movement of the IMK in all household income groups (RT) weakened in May 2025.

The largest decline in the IMK was seen in the RT-income group up to Rp1.5 million per month (down 12.5 points) followed by RT in revenue above Rp3 million (Rp7 million per month (down 7.2 points), and IMK in the RT group with revenue above Rp1.5 million' Rp3 million (down 3.0 points). Especially for the RT group with income above Rp7 million per month, the IMK is still above level 100, although it has decreased slightly (down 1.1 point).

The latest LPS SKP results also show a decline in the Consumer Confidence Index (IKK) in May 2025. The IKK in May 2025 was recorded at 99.7 or weakened by 3.4 MoM points.

This development is driven by a weakening consumer perception of the current local economic and employment conditions.

However, the consumer's positive expectations of its economic prospects and income in the future are still maintained.

"In addition to the factor of increasing food prices and the difficulty of employment, the decrease in IKK was also influenced by other factors that increased from the previous month, including floods, crop failures, and declining harvest selling prices. Extreme weather that hit a number of areas caused flooding and damage to public infrastructure. This can be seen in the decline in IKK in areas affected by extreme weather and flooding," he added.

Furthermore, entering the new academic year 2025/2026, many respondents stated that the increasing cost of education led to an increase in household spending.