diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 4a6ba9cedf3d1c..1a2f57c07ba341 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -11,7 +11,7 @@
 __all__ = ["version", "bootstrap"]
 _PACKAGE_NAMES = ('setuptools', 'pip')
 _SETUPTOOLS_VERSION = "65.5.0"
-_PIP_VERSION = "22.3"
+_PIP_VERSION = "22.3.1"
 _PROJECTS = [
     ("setuptools", _SETUPTOOLS_VERSION, "py3"),
     ("pip", _PIP_VERSION, "py3"),
diff --git a/Lib/ensurepip/_bundled/pip-22.3-py3-none-any.whl b/Lib/ensurepip/_bundled/pip-22.3.1-py3-none-any.whl
similarity index 94%
rename from Lib/ensurepip/_bundled/pip-22.3-py3-none-any.whl
rename to Lib/ensurepip/_bundled/pip-22.3.1-py3-none-any.whl
index d6fccd9de92afc..c5b7753e757df2 100644
Binary files a/Lib/ensurepip/_bundled/pip-22.3-py3-none-any.whl and b/Lib/ensurepip/_bundled/pip-22.3.1-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2022-11-05-17-16-40.gh-issue-99134.Msgspf.rst b/Misc/NEWS.d/next/Library/2022-11-05-17-16-40.gh-issue-99134.Msgspf.rst
new file mode 100644
index 00000000000000..d9f12a6775fe2b
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2022-11-05-17-16-40.gh-issue-99134.Msgspf.rst
@@ -0,0 +1 @@
+Update the bundled copy of pip to version 22.3.1.