diff --git a/CHANGELOG.md b/CHANGELOG.md
index 99a87b6d3664..09a24173eebb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -64,6 +64,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 * (genutil) [#12140](https://github.com/cosmos/cosmos-sdk/pull/12140) Fix staking's genesis JSON migrate in the `simd migrate v0.46` CLI command.
 * (types) [#12154](https://github.com/cosmos/cosmos-sdk/pull/12154) Add `baseAccountGetter` to avoid invalid account error when create vesting account.
 * (x/authz) [#12184](https://github.com/cosmos/cosmos-sdk/pull/12184) Fix MsgExec not verifying the validity of nested messages.
+* (x/crisis) [#12208](https://github.com/cosmos/cosmos-sdk/pull/12208) Fix progress index of crisis invariant assertion logs.
 
 ## [v0.46.0-rc1](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.46.0-rc1) - 2022-05-23
 
diff --git a/x/crisis/keeper/keeper.go b/x/crisis/keeper/keeper.go
index 2408b0bd0aa1..8dcf447c60e0 100644
--- a/x/crisis/keeper/keeper.go
+++ b/x/crisis/keeper/keeper.go
@@ -75,7 +75,7 @@ func (k Keeper) AssertInvariants(ctx sdk.Context) {
 	invarRoutes := k.Routes()
 	n := len(invarRoutes)
 	for i, ir := range invarRoutes {
-		logger.Info("asserting crisis invariants", "inv", fmt.Sprint(i, "/", n), "name", ir.FullRoute())
+		logger.Info("asserting crisis invariants", "inv", fmt.Sprint(i+1, "/", n), "name", ir.FullRoute())
 		if res, stop := ir.Invar(ctx); stop {
 			// TODO: Include app name as part of context to allow for this to be
 			// variable.