diff --git a/composer.json b/composer.json
index 1578091b5f2..8448f7fa986 100644
--- a/composer.json
+++ b/composer.json
@@ -3,7 +3,7 @@
 	"description": "WooCommerce blocks for the Gutenberg editor.",
 	"homepage": "https://woocommerce.com/",
 	"type": "wordpress-plugin",
-	"version": "11.3.0",
+	"version": "11.3.1",
 	"keywords": [
 		"gutenberg",
 		"woocommerce",
diff --git a/package-lock.json b/package-lock.json
index 4686cddd26d..5f3d6817bf2 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
 	"name": "@woocommerce/block-library",
-	"version": "11.3.0",
+	"version": "11.3.1",
 	"lockfileVersion": 2,
 	"requires": true,
 	"packages": {
 		"": {
 			"name": "@woocommerce/block-library",
-			"version": "11.3.0",
+			"version": "11.3.1",
 			"hasInstallScript": true,
 			"license": "GPL-3.0+",
 			"dependencies": {
diff --git a/package.json b/package.json
index 500599f279a..9fdcbeb339c 100644
--- a/package.json
+++ b/package.json
@@ -2,7 +2,7 @@
 	"name": "@woocommerce/block-library",
 	"title": "WooCommerce Blocks",
 	"author": "Automattic",
-	"version": "11.3.0",
+	"version": "11.3.1",
 	"description": "WooCommerce blocks for the Gutenberg editor.",
 	"homepage": "https://github.com/woocommerce/woocommerce-gutenberg-products-block/",
 	"keywords": [
diff --git a/readme.txt b/readme.txt
index 2859bf7d6d8..fffa747f6e6 100644
--- a/readme.txt
+++ b/readme.txt
@@ -4,7 +4,7 @@ Tags: gutenberg, woocommerce, woo commerce, products, blocks, woocommerce blocks
 Requires at least: 6.3
 Tested up to: 6.3
 Requires PHP: 7.3
-Stable tag: 11.3.0
+Stable tag: 11.3.1
 License: GPLv3
 License URI: https://www.gnu.org/licenses/gpl-3.0.html
 
diff --git a/src/Package.php b/src/Package.php
index af1ab5de1ac..5389b33db15 100644
--- a/src/Package.php
+++ b/src/Package.php
@@ -109,7 +109,7 @@ public static function container( $reset = false ) {
 				NewPackage::class,
 				function ( $container ) {
 					// leave for automated version bumping.
-					$version = '11.3.0';
+					$version = '11.3.1';
 					return new NewPackage(
 						$version,
 						dirname( __DIR__ ),
diff --git a/woocommerce-gutenberg-products-block.php b/woocommerce-gutenberg-products-block.php
index 4414cedafed..4755b401f63 100644
--- a/woocommerce-gutenberg-products-block.php
+++ b/woocommerce-gutenberg-products-block.php
@@ -3,7 +3,7 @@
  * Plugin Name: WooCommerce Blocks
  * Plugin URI: https://github.com/woocommerce/woocommerce-gutenberg-products-block
  * Description: WooCommerce blocks for the Gutenberg editor.
- * Version: 11.3.0
+ * Version: 11.3.1
  * Author: Automattic
  * Author URI: https://woocommerce.com
  * Text Domain:  woo-gutenberg-products-block