Sri Lanka's inflation rose 6.1 percent in the year to June 2013 easing from 6.8 percent in July.
"Next year we will be more ambitious," Cabraal told a forum in Colombo organized by Standard & Poor's, a rating agency.
"Next year we will be targeting a mid single-digit inflation. That is between 4-6 percent a year."
The Central Bank says it is has maintained inflation in single digits for four and a half years, the longest since monetary and fiscal policy deteriorated in the late 1970s.