diff --git a/README.md b/README.md
index 30ac2a558..0554a6cba 100644
--- a/README.md
+++ b/README.md
@@ -34,7 +34,7 @@ Available as self-hosted or Cloud service with premium features.
 ```yml packages.yml
 packages:
   - package: elementary-data/elementary
-    version: 0.16.0
+    version: 0.16.1
     ## Docs: https://docs.elementary-data.com
 ```
 
diff --git a/dbt_project.yml b/dbt_project.yml
index 1a4f71e9f..e4fc06225 100644
--- a/dbt_project.yml
+++ b/dbt_project.yml
@@ -1,5 +1,5 @@
 name: "elementary"
-version: "0.16.0"
+version: "0.16.1"
 
 require-dbt-version: [">=1.0.0", "<2.0.0"]