diff --git a/CHANGELOG.md b/CHANGELOG.md
index 34c7cfc..085ee78 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,8 @@ use patch releases for compatibility fixes instead.
 
 ## Unreleased
 
+## [v1.31.1](https://github.com/allenai/beaker-py/releases/tag/v1.31.1) - 2024-07-14
+
 ### Fixed
 
 - Fixed `Task.replica_rank` to be set to the right value now instead of always `None`.
diff --git a/beaker/version.py b/beaker/version.py
index 31f94f3..e1e1ad7 100644
--- a/beaker/version.py
+++ b/beaker/version.py
@@ -1,6 +1,6 @@
 _MAJOR = "1"
 _MINOR = "31"
-_PATCH = "0"
+_PATCH = "1"
 _SUFFIX = ""
 
 VERSION_SHORT = "{0}.{1}".format(_MAJOR, _MINOR)