Photo: A customer during the grand re-opening of a Century 21 department store in New York City on May 16, 2023. Photographer: Stephanie Keith/Bloomberg. A customer during the grand re-opening of a Century 21 department store in New York City on May 16, 2023. Photographer: Stephanie Keith/Bloomberg.

U.S. retail sales accelerated in July by the most since early 2023 in a broad advance that points to a resilient consumer, even in the face of high prices and borrowing costs.

The value of retail purchases, unadjusted for inflation, increased 1 percent in July, helped by a sharp snapback in car sales, Commerce Department data showed Thursday. Excluding autos and gas stations, sales were up 0.4 percent.

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