Cannot init Hello World example extension

When I run block init I get the following error:

Downloading template... done
Extracting template... done
Installing dependencies... Error
 ›   Warning: ❌ Something failed! Cleaning up...
    Error: Process exit with error 1

I’m using npm 8.3.1 and node v14.17.6 on Mac OS Monterey (12.5).

The error doesn’t really say anything, so I’m unsure about how to continue from here. Has anyone encountered this?

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