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CBO says war in Iran cost the US USD 38bln in first five months, adds that annual PCE inflation projection is now 0.5% higher for Q1 2027

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CBO reported that the Iran war cost USD 38bln in five months, projected monthly costs to rise USD 3bln, and raised Q1 2027 PCE inflation projections by 0.5%.

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Cost of Iran war expected to rise by USD 3bln per month.

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