How large corporations make huge profits from hidden markups at the expense of consumers

Abnormally high market prices funnel wealth from consumers to owners of large companies. (AP Photo/Julia Nikhinson)

Inflation, followed by poverty and social inequality are the most pressing issues worrying people around the world right now. Canada has not been immune from the rising cost of living and is still fighting an inflation rate above the two per cent target preferred by the Bank of Canada.

Canada’s inflation rate hit 8.1 per cent in June — the highest it had been in over 40 years. While the rate has dropped slightly afterwards, it was still 6.8 per cent in November, easing to 6.3 per cent in December.