diff --git a/setup.py b/setup.py
index 9f36befc053..a60f5703e41 100644
--- a/setup.py
+++ b/setup.py
@@ -36,7 +36,7 @@
 
 setup(
     name="accelerate",
-    version="0.7.0",
+    version="0.7.1",
     description="Accelerate",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/accelerate/__init__.py b/src/accelerate/__init__.py
index 752b23a77f4..d4cf301cca2 100644
--- a/src/accelerate/__init__.py
+++ b/src/accelerate/__init__.py
@@ -2,7 +2,7 @@
 # There's no way to ignore "F401 '...' imported but unused" warnings in this
 # module, but to preserve other warnings. So, don't check this module at all.
 
-__version__ = "0.7.0"
+__version__ = "0.7.1"
 
 from .accelerator import Accelerator
 from .kwargs_handlers import DistributedDataParallelKwargs, GradScalerKwargs, InitProcessGroupKwargs