US retail sales up 0.5% in July as shoppers shrug off Trump tariffs; auto, online, furniture lead gains

US retail sales demonstrated resilience in July, growing by 0.5% despite rising prices influenced by President Trump’s tariffs. Auto dealerships and online retailers experienced strong performance. While clothing and furniture stores saw gains, electronics and restaurants faced declines. Inflation remained steady, but producer prices surged, hinting at potential future consumer price increases.