Inflation & Prices
Argentina Inflation Near 300% Wipes Out Tourists’ Deep Discounts
- Uruguay travel agencies see demand falling for Argentina trips
- Narrower FX gap, inflation make Argentina pricier for tourists
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Argentina’s surging inflation threatens to crimp a key source of tourism revenue as foreigners who piled $3.2 billion last year into the country that’s short on dollars opt for other destinations.
Scenes of South Americans pouring in from air, land and sea to take advantage of Argentina’s cheap cost of living in recent years have partly reversed since President Javier Milei took office in December. Now Argentines are lining up to cross the border into Chile as consumer spending plunges at home, while annual inflation accelerated to 288% in March, up from 104% a year ago.