diff --git a/vertical-pod-autoscaler/common/version.go b/vertical-pod-autoscaler/common/version.go
index cfd4803cd8ebf0a64c5595c226ade5f287cdd948..8056c73f83ddb6a7dab56f2d903043912074950a 100644
--- a/vertical-pod-autoscaler/common/version.go
+++ b/vertical-pod-autoscaler/common/version.go
@@ -21,7 +21,7 @@ package common
 var gitCommit = ""
 
 // versionCore is the version of VPA.
-const versionCore = "1.3.0"
+const versionCore = "1.3.1"
 
 // VerticalPodAutoscalerVersion returns the version of the VPA.
 func VerticalPodAutoscalerVersion() string {