The impact of inflation expectations on the financial policy of domestic companies in the real sector of the economy

Abstract

The article considers the main results of surveys of the population and enterprises of the real sector of the economy regarding their inflation expectations, and provides a forecast of changes in the inflation rate in the Russian Federation up to 2024. It is substantiated that the observed inflation was not only the result of the special operation in Ukraine, as the preconditions for its emergence were observed before 2022, and in the EU and the Americas to an even greater extent than in Russia. The authors also consider the degree of influence of inflation expectations on the financial policy of domestic companies, which are largely determined now by geopolitical factors and sanctions restrictions in the context of the structural transformation of the Russian economy, as well as the adaptation of all economic entities and the population to new economic conditions. At the same time, the authors note that non-resource enterprises focused on the domestic market demonstrate the most stable financial condition in the conditions of financial crises.