diff --git a/CITATION.cff b/CITATION.cff
index 3104da88..e094e3a4 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -33,7 +33,7 @@ authors:
     affiliation: "National Library of Finland"
 title: "Annif"
 abstract: "Annif is an automatic indexing software."
-version: 1.2.0
+version: 1.2.1
 license:
   - Apache-2.0
   - GPL-3.0
diff --git a/pyproject.toml b/pyproject.toml
index ad1470fb..9d563b75 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "annif"
-version = "1.2.0"
+version = "1.2.1"
 description = "Automated subject indexing and classification tool"
 authors = ["National Library of Finland <finto-posti@helsinki.fi>"]
 maintainers = [
diff --git a/setup.cfg b/setup.cfg
index 5f95fb96..cb269bca 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.2.0
+current_version = 1.2.1
 commit = True
 tag = True
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-(?P<release>[a-z]+))?