diff --git a/CHANGELOG.md b/CHANGELOG.md
index c90cb5596c..1d7c5c2db6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-## UNRELEASED
+## 0.46.1 (July 26, 2022)
 
 IMPROVEMENTS:
 * Control Plane
diff --git a/charts/consul/Chart.yaml b/charts/consul/Chart.yaml
index d17bccc3fc..527f5128eb 100644
--- a/charts/consul/Chart.yaml
+++ b/charts/consul/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: consul
-version: 0.46.0
+version: 0.46.1
 appVersion: 1.12.3
 kubeVersion: ">=1.19.0-0"
 description: Official HashiCorp Consul Chart
@@ -15,7 +15,7 @@ annotations:
     - name: consul
       image: hashicorp/consul:1.12.3
     - name: consul-k8s-control-plane
-      image: hashicorp/consul-k8s-control-plane:0.46.0
+      image: hashicorp/consul-k8s-control-plane:0.46.1
     - name: envoy
       image: envoyproxy/envoy:v1.22.2
   artifacthub.io/license: MPL-2.0
diff --git a/cli/version/version.go b/cli/version/version.go
index e14f8e433f..e0cd99c74a 100644
--- a/cli/version/version.go
+++ b/cli/version/version.go
@@ -14,12 +14,12 @@ var (
 	//
 	// Version must conform to the format expected by
 	// github.com/hashicorp/go-version for tests to work.
-	Version = "0.46.0"
+	Version = "0.46.1"
 
 	// A pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release
 	// such as "dev" (in development), "beta", "rc1", etc.
-	VersionPrerelease = "dev"
+	VersionPrerelease = ""
 )
 
 // GetHumanVersion composes the parts of the version in a way that's suitable
diff --git a/control-plane/version/version.go b/control-plane/version/version.go
index e14f8e433f..e0cd99c74a 100644
--- a/control-plane/version/version.go
+++ b/control-plane/version/version.go
@@ -14,12 +14,12 @@ var (
 	//
 	// Version must conform to the format expected by
 	// github.com/hashicorp/go-version for tests to work.
-	Version = "0.46.0"
+	Version = "0.46.1"
 
 	// A pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release
 	// such as "dev" (in development), "beta", "rc1", etc.
-	VersionPrerelease = "dev"
+	VersionPrerelease = ""
 )
 
 // GetHumanVersion composes the parts of the version in a way that's suitable