diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 14930c9..9ba3e03 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.3.0
+current_version = 0.3.1
 commit = True
 commit_args = -s
 message = Release version {new_version}
diff --git a/docs/reference/changelog.md b/docs/reference/changelog.md
index bc65d84..b022052 100644
--- a/docs/reference/changelog.md
+++ b/docs/reference/changelog.md
@@ -5,6 +5,13 @@ This document outlines the list of changes to ridgeplot between each release. Fo
 Unreleased changes
 ------------------
 
+- ...
+
+---
+
+0.3.1
+------
+
 ### Internal
 
 - Improve type annotations and use stricter pyright settings ({gh-pr}`291`)
diff --git a/tests/unit/test_version.py b/tests/unit/test_version.py
index 5ec1eec..2561f07 100644
--- a/tests/unit/test_version.py
+++ b/tests/unit/test_version.py
@@ -4,7 +4,7 @@
 
 import pytest
 
-V_EXPECTED = "0.3.0"
+V_EXPECTED = "0.3.1"
 
 
 def get_number(v_component: str) -> int: