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AUSTRALIA: Per RTRS: "Australian consumer price inflation will be reduced
sharply in the June quarter due to a government decision to make child care free
as part of a stimulus package for the coronavirus crisis, the country's
statistician said on Wednesday. The Australian Bureau of Statistics said free
child care would subtract 1.1 percentage point from the headline consumer price
index (CPI). Support packages for rents and permanent or temporary
re-negotiations of rent between landlords and tenants would also be treated as a
fall in prices, the ABS said. Analysts expect these changes, combined with a
sharp drop in petrol prices, could see the largest ever fall in CPI in the
second quarter and even take annual inflation negative."