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Argentine Stores Mark Up Fridges to Wine After Peso Devaluation

At a Falabella store in downtown Buenos Aires, the price of a Whirlpool 80X1 model refrigerator has risen to 27,499 pesos ($3,437) from 21,199 on Jan. 22. In a Winery shop two blocks away, a bottle of Marcus Malbec now costs 226 pesos, 26 percent more than two days ago.

Retailers in Argentina marked up prices as this week’s 15 percent devaluation of the peso against the dollar increased the cost of imports and sparked expectations that inflation in South America’s second-biggest economy will accelerate.