I'm from Argentina, we have the cheapest Steam games in the world, and no. There are some old games that have not been updated and the prices are ridiculously cheap for some stuff, specially if it's an indie title from the 2010-ish, you could probably get to pay 10 pesos, which to give you an idea is the equivalent to a gummy. This doesn't happen with everything, but still new AAA games tend to be pretty cheap, the most expensive ones are something like 14.000ARS but there are some other AAA that are around 7.000 which is still pretty cheap, and most of the games are around 500.