diff --git a/CHANGELOG.md b/CHANGELOG.md
index a6fa52a..19fea8a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -156,3 +156,8 @@
 ### NOTE
 
 THIS WILL BE THE FINAL PYTHON 2.7 COMPATIBLE RELEASE.
+
+## [v1.11.1] 2021-07-14
+### Changed
+
+- Update __version__ in backoff module
diff --git a/backoff/__init__.py b/backoff/__init__.py
index 7170060..52a6287 100644
--- a/backoff/__init__.py
+++ b/backoff/__init__.py
@@ -29,7 +29,7 @@
     'random_jitter',
 ]
 
-__version__ = '1.11.0'
+__version__ = '1.11.1'
 
 
 if sys.version_info[0] < 3:
diff --git a/pyproject.toml b/pyproject.toml
index d29bc6e..dc5b120 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "backoff"
-version = "1.11.0"
+version = "1.11.1"
 description = "Function decoration for backoff and retry"
 authors = ["Bob Green <rgreen@aquent.com>"]
 readme = "README.rst"