diff --git a/observability/base/victoria-metrics-k8s-stack/helmrelease-vmcluster.yaml b/observability/base/victoria-metrics-k8s-stack/helmrelease-vmcluster.yaml
index 2f4fc92a..2c9c8dff 100644
--- a/observability/base/victoria-metrics-k8s-stack/helmrelease-vmcluster.yaml
+++ b/observability/base/victoria-metrics-k8s-stack/helmrelease-vmcluster.yaml
@@ -12,7 +12,7 @@ spec:
         kind: HelmRepository
         name: victoria-metrics
         namespace: observability
-      version: "0.31.0"
+      version: "0.31.1"
   interval: 4m0s
   timeout: 30m
   install:
diff --git a/observability/base/victoria-metrics-k8s-stack/helmrelease-vmsingle.yaml b/observability/base/victoria-metrics-k8s-stack/helmrelease-vmsingle.yaml
index 691db187..87b2b360 100644
--- a/observability/base/victoria-metrics-k8s-stack/helmrelease-vmsingle.yaml
+++ b/observability/base/victoria-metrics-k8s-stack/helmrelease-vmsingle.yaml
@@ -12,7 +12,7 @@ spec:
         kind: HelmRepository
         name: victoria-metrics
         namespace: observability
-      version: "0.31.0"
+      version: "0.31.1"
   interval: 4m0s
   timeout: 30m
   install: