Yes. The primary objective in life is to stay alive. Not the only objective, but nothing else matters if you fail in the basics.
The US has had 1 revolution and 1 civil war. I’m not sure either was caused by cost of living increases. We’ve had several economic rough spots worse than the current time.
Maybe you’re referring to other parts of the world but the US is still a pretty good example of people not revolting for purely economic reasons.