Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

Retail sales rose 0.2% in June amid economic uncertainty and fading tax refund benefits, with a 0.7% increase when excluding gas stations. Inflation declined to 3.5% year-over-year, driven by lower gas, clothes, and used car prices, while consumer spending on online platforms and sporting goods showed growth.