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News Summary: Malaysia auto sales to slow

By The Associated Press
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MOTORING IN MALAYSIA: Auto sales in Malaysia rose 4.5 percent to a record high in 2013, but are expected to slow this year as a rising cost of living curbs consumer spending.

RISING INFLATION: Inflation increased after the government cut subsidies for petrol and sugar last year as part of fiscal reforms. Electricity tariffs were raised in January for the first time in two years. The inflation rate was 2.9 percent in November, up from 1.9 percent in August.

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