Yes indeed. The cheapest (legal) PS4 Pro I can find in Brazil costs R$ 2200, which, at current exchange rates, amounts to around US$ 690. If you try for equivalent currency in terms of purchasing power, then it would be closer to US$ 900.
As for games, a typical US$ 60 PS4 game at release costs somewhere from R$ 150 to R$ 270 (so roughly US$ 47 to US$ 85). PC games on Steam at that price range in US are usually around R$ 105-130.
So yeah, consoles are way too expensive here. It might make sense to pay US$ 400 to play a game, but in my case (not considering purchasing power), I’d be paying around US$ 750 to play one game. I guess you’ll agree with me that’s crazy. ;)