As per INDEC data for 2025. Recent report can be found here: https://www.indec.gob.ar/ftp/documentos/Principales_indicadores_INDEC.xlsx

Inflation for 2024 was 117.8%. As of the time of this question writing, inflation through May way 13.3%, or 43.5% annualized.

This question may resolve No early if inflation YTD exceeds 40% at any point, AND the following month's inflation is positive. If market prices on this market are not stable, or there are other signs that there is lingering doubt as to whether the final number for the year will be below 40%, I'll wait.