With both the Argentinean and Venezuelan economies tackling high
inflation, employers are taking novel steps to promote talent
retention.
The Argentinian Way
Argentina has a long history of inflation that can be traced
back to the 19th century. However, it was in the 1970s that
the country experienced its first inflationary peak, reaching a
335% increase in the Consumer Price Index of prices for household
goods and services. This trend continued into the 1980s with the
so-called ‘Rodrigazo' economic measures, which set the
basis for Argentine hyperinflation that reached a staggering 3,000%
in 1989. Thirty-five years later, Argentina is experiencing another
inflationary spike, with the 2023 inflation rate around 200%.
