diff --git a/python/semantic_kernel/__init__.py b/python/semantic_kernel/__init__.py
index 5e8c63a35261..545ce3e87884 100644
--- a/python/semantic_kernel/__init__.py
+++ b/python/semantic_kernel/__init__.py
@@ -2,5 +2,5 @@
 
 from semantic_kernel.kernel import Kernel
 
-__version__ = "1.12.0"
+__version__ = "1.12.1"
 __all__ = ["Kernel", "__version__"]