diff --git a/doc/conf.py b/doc/conf.py
index 46505fa8f6db..999b2504bd64 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -33,7 +33,7 @@
 # The short X.Y version
 version = '0.11'
 # The full version, including alpha/beta/rc tags
-release = '0.11.0'
+release = '0.11.1'
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/dpnp/backend/CMakeLists.txt b/dpnp/backend/CMakeLists.txt
index 52e9cb21985b..baee709b11ee 100644
--- a/dpnp/backend/CMakeLists.txt
+++ b/dpnp/backend/CMakeLists.txt
@@ -27,7 +27,7 @@
 
 cmake_minimum_required(VERSION 3.10 FATAL_ERROR)
 
-# set(DPNP_VERSION 0.11.0)
+# set(DPNP_VERSION 0.11.1)
 # set(DPNP_API_VERSION 0.11)
 
 # set directory where the custom finders live
diff --git a/dpnp/backend/doc/Doxyfile b/dpnp/backend/doc/Doxyfile
index 6c83bb0e8465..3d6c971a7991 100644
--- a/dpnp/backend/doc/Doxyfile
+++ b/dpnp/backend/doc/Doxyfile
@@ -38,7 +38,7 @@ PROJECT_NAME           = "DPNP C++ backend kernel library"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 0.11.0
+PROJECT_NUMBER         = 0.11.1
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/dpnp/version.py b/dpnp/version.py
index 160e8ec963a8..f09ea3c76a75 100644
--- a/dpnp/version.py
+++ b/dpnp/version.py
@@ -1,7 +1,7 @@
 #!/usr/bin/env python
 # -*- coding: utf-8 -*-
 # *****************************************************************************
-# Copyright (c) 2016-2022, Intel Corporation
+# Copyright (c) 2016-2023, Intel Corporation
 # All rights reserved.
 #
 # Redistribution and use in source and binary forms, with or without
@@ -29,6 +29,6 @@
 DPNP version module
 """
 
-__version__: str = '0.11.0'
+__version__: str = '0.11.1'
 
 version: str = __version__