CBO Estimates Iran War Cost US $38 Billion in First Five Months
JH Kim
Summary
- The Congressional Budget Office estimated that the Iran war cost the U.S. $38 billion in the first five months.
- U.S. fiscal costs related to the Iran war totaled $38 billion during the first five months after the conflict began.
- The Congressional Budget Office said it raised its forecast for first-quarter 2027 PCE inflation by 0.5 percentage point from its previous estimate.
Forecast Trend Report by Period
The Congressional Budget Office estimated that the Iran war cost the U.S. $38 billion in the first five months.
Walter Bloomberg reported on September 15 that U.S. fiscal costs tied to the Iran war totaled $38 billion during the first five months after the conflict began.
The CBO also raised its forecast for personal consumption expenditures inflation in the first quarter of 2027 by 0.5 percentage point from its previous estimate, reflecting the war's economic impact.
The estimate shows the Iran war is affecting not only the U.S. fiscal burden but also the inflation outlook.
JH Kim
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