diff --git a/README.md b/README.md
index f77c6d7ad..20e90f76e 100644
--- a/README.md
+++ b/README.md
@@ -22,7 +22,7 @@ document embeddings, including our proposed [Flair embeddings](https://www.aclwe
 * **A PyTorch NLP framework.** Our framework builds directly on [PyTorch](https://pytorch.org/), making it easy to
 train your own models and experiment with new approaches using Flair embeddings and classes.
 
-Now at [version 0.12](https://github.com/flairNLP/flair/releases)!
+Now at [version 0.12.1](https://github.com/flairNLP/flair/releases)!
 
 
 ## State-of-the-Art Models
diff --git a/flair/__init__.py b/flair/__init__.py
index b2b1957e1..1e70de006 100644
--- a/flair/__init__.py
+++ b/flair/__init__.py
@@ -17,7 +17,7 @@
     device = torch.device("cpu")
 
 # global variable: version
-__version__ = "0.12"
+__version__ = "0.12.1"
 
 # global variable: arrow symbol
 _arrow = " → "
diff --git a/setup.py b/setup.py
index 96b693660..f1fff465e 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name="flair",
-    version="0.12",
+    version="0.12.1",
     description="A very simple framework for state-of-the-art NLP",
     long_description=open("README.md", encoding="utf-8").read(),
     long_description_content_type="text/markdown",