India’s central bank is vigilant on the evolving price situation as a stable and low inflation will provide support for sustainable economic growth, Reserve Bank of India Governor Shaktikanta Das said.

Last mile of disinflation is “often the most difficult part of the journey,” Das said in a keynote speech at a conference for South East Asian Central Banks in Mumbai Thursday. While inflation has moderated, “recurring food price shocks and renewed flash points on the geo-political front,” pose challenges, he said.