diff --git a/pelican/__init__.py b/pelican/__init__.py
index 37f057f9..549dd9aa 100644
--- a/pelican/__init__.py
+++ b/pelican/__init__.py
@@ -22,7 +22,7 @@ from pelican.writers import Writer
 
 __major__ = 3
 __minor__ = 2
-__micro__ = 0
+__micro__ = 1
 __version__ = "{0}.{1}.{2}".format(__major__, __minor__, __micro__)
 
 
diff --git a/setup.py b/setup.py
index 8f65f82e..4678a33f 100755
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@ CHANGELOG = open('docs/changelog.rst').read()
 
 setup(
     name="pelican",
-    version="3.2",
+    version="3.2.1",
     url='http://getpelican.com/',
     author='Alexis Metaireau',
     author_email='authors@getpelican.com',