diff --git a/ludwig/globals.py b/ludwig/globals.py
index 341de4a9eac..708b69ea3a7 100644
--- a/ludwig/globals.py
+++ b/ludwig/globals.py
@@ -14,7 +14,7 @@
 # limitations under the License.
 # ==============================================================================
 
-LUDWIG_VERSION = "0.7"
+LUDWIG_VERSION = "0.7.1"
 
 MODEL_WEIGHTS_FILE_NAME = "model_weights"
 MODEL_HYPERPARAMETERS_FILE_NAME = "model_hyperparameters.json"
diff --git a/setup.py b/setup.py
index fdae6c73373..ded28a2a2a5 100644
--- a/setup.py
+++ b/setup.py
@@ -43,7 +43,7 @@
 
 setup(
     name="ludwig",
-    version="0.7",
+    version="0.7.1",
     description="Declarative machine learning: End-to-end machine learning pipelines using data-driven configurations.",
     long_description=long_description,
     long_description_content_type="text/markdown",