diff --git a/bitbake/bin/bitbake b/bitbake/bin/bitbake
index b6f19ef27e..e3d138bd19 100755
--- a/bitbake/bin/bitbake
+++ b/bitbake/bin/bitbake
@@ -35,7 +35,7 @@ except RuntimeError as exc:
 from bb import cookerdata
 from bb.main import bitbake_main, BitBakeConfigParameters, BBMainException
 
-__version__ = "1.27.0"
+__version__ = "1.27.1"
 
 if __name__ == "__main__":
     if __version__ != bb.__version__:
diff --git a/bitbake/lib/bb/__init__.py b/bitbake/lib/bb/__init__.py
index b2f290fd8c..1a30fa11d7 100644
--- a/bitbake/lib/bb/__init__.py
+++ b/bitbake/lib/bb/__init__.py
@@ -21,7 +21,7 @@
 # with this program; if not, write to the Free Software Foundation, Inc.,
 # 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301 USA.
 
-__version__ = "1.27.0"
+__version__ = "1.27.1"
 
 import sys
 if sys.version_info < (2, 7, 3):