Iran War Costs US $38 Billion, Inflation Expectations Rise

The Congressional Budget Office (CBO) stated that the Trump administration has spent approximately $38 billion in the first five months of the war against Iran. The CBO projects that the war will push up U.S. inflation, with the inflation gauge expected to be 0.5 percentage points higher by early 2027 than previously forecast. Ammunition stockpiles depleted by the war may take over five years to replenish, impacting America's ability to respond to other conflicts.