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[Argentina: Restaurant Prices Surge Under New Economic Policies, Tourism Declines] Since Javier Milei Took Office, Argentina's Economic Policies, Including The Strengthening Of The Peso And The Reduction Of Utility Subsidies, Have Led To A Significant Increase In Restaurant Prices. Restaurant Prices Are Up 100% From A Year Ago, While Grocery Tabs Have Only Gone Up 65%. This Has Resulted In A 20% Decrease In Foreign Tourism At Restaurants Like La Cabrera, A 30% Drop In Sales At Restaurants Like Buenos Aires Grill And Puente In January, A Loss Of Over 10,000 Restaurant And Hotel Jobs, And A Shift In Consumer Behavior With More People Cooking At Home. In January, Argentines Spent $645 Million On Payments Abroad, And Nearly Two Million Argentines Traveled Out Of Their Home Country, More Than Triple The Number Of Foreign Tourists Who Visited Argentina.
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