that the multipolar bloc
Here's the thing: it's not a bloc.
There's only one bloc in the world today and it's the West. Everybody else is just doing diplomacy with each other. India is an outright religious fascist state, it sees itself in competition with China and it is kept at arm's length by both Russia and the United States. China is a market communist society that does business with pretty much everyone, including people who make long speeches about how evil it is. Russia is a social conservative state that is pushed into alliances of inconvenience with countries that it used to oppose, like Iran. Brazil is a social democratic country that until recently was under a pseudo fascist government, and even so it wouldn't break relations with it's trade partners out of the bare minimum of pragmatism. BRICS recently welcomed all sorts, from the Egyptian junta to the Saudi Monarchy and the theocracy in Iran.
The world at large is made up of a large plurality of political and economic systems. That things like the ongoing genocide in Gaza makes that same world coalesce in a consensus that goes against the agenda of the Western Bloc doesn't mean that the multipolar world is a Bloc. The fact that the world at large agrees with and supports South Africa's efforts against israeli apartheid and the ongoing genocide, but the West's elites and boomers refuse to even entertain the notion means that it is the West that is an anomaly. Everything it does, from it's support for the Palestinian Genocide to it's uncanny ability to elevate insane, genocidal figures like Navalny and Lai as Liberal Heroes, points to that.
This is why the 'New Cold War' is against China. Because there's no Chinese Bloc like the old Communist Bloc. The only Bloc in the world today is the United States and it's vassals.
I think people in the US have been conditioned to expect low inflation forever, because inflation was concentrated on assets and large expenditures like Health, Education, Housing and so on. It's cultural inertia, really. Down here we are 30 years removed from a hyperinflation crisis, so even media discourse considers wether or not the minimal wage rises above or according to inflation. We also have all the problems you have, like shrinkflation and lowering quality of foodstuffs. And arguably ours are worse. But the discourse of 'what happened, I used to be able to buy a penny' is never done with the implication that inflation itself is simply wrong for existing.