**Price of Commodities in 1975 and 1970**

In order to analyze the price of commodities in the current year 1975 and the base year 1970, we need to consider the concept of the price index. The price index is a measure that indicates the average price level of a basket of goods and services relative to a base year. It helps us understand the changes in prices over time and provides a basis for comparing the purchasing power of money.

**Understanding the Base Year**

The base year is a reference point against which the prices of goods and services in other years are compared. In this case, the base year is 1970. By using the prices of commodities in 1970 as a benchmark, we can determine the changes in prices in subsequent years.

**Price Index Calculation**

To calculate the price index, we need to compare the prices of commodities in the current year (1975) with the prices in the base year (1970). This can be done using the following formula:

Price Index = (Current Year Price / Base Year Price) x 100

By calculating the price index for each commodity, we can determine the relative change in prices over time.

**Interpreting the Price Index**

A price index value of 100 indicates that the price of a commodity has remained the same compared to the base year. A value greater than 100 indicates an increase in price, while a value less than 100 indicates a decrease in price.

**Commodity Prices in 1970 and 1975**

To provide a comprehensive analysis, we need specific information about the commodities and their respective prices in both 1970 and 1975. Unfortunately, this information is not provided in the question. However, you can obtain the required data from reliable sources such as government publications, economic databases, or statistical reports.

Once you have the price data for the commodities in both years, you can calculate the price index for each commodity using the formula mentioned earlier. By analyzing the price indexes, you can identify the changes in prices for different commodities and determine the overall trend in the economy.

Remember to gather accurate and reliable data to ensure the accuracy of your analysis.