diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8517b670b8b4f..c248f40265fdd 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,4 +1,4 @@
 {
-  ".": "3.1.1",
+  ".": "3.1.2",
   "operator": "0.6.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 79148a88b64c0..068efe97e5c92 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog
 
+## [3.1.2](https://github.com/grafana/loki/compare/v3.1.1...v3.1.2) (2024-10-10)
+
+
+### Bug Fixes
+
+* **config:** Copy Alibaba and IBM object storage configuration from common ([#14316](https://github.com/grafana/loki/issues/14316)) ([7184d45](https://github.com/grafana/loki/commit/7184d45d8e080874feea8bfd223dedf5f20d3836))
+* **loki/production/docker-compose:** upgrade loki and grafana production image tags to 3.1.1 ([#14025](https://github.com/grafana/loki/issues/14025)) ([36fe29e](https://github.com/grafana/loki/commit/36fe29eb334d8300265ca437c0acb423a01c5041))
+* Revert build image to Debian Bullseye to fix libc version issue in Promtail ([#14387](https://github.com/grafana/loki/issues/14387)) ([05b6a65](https://github.com/grafana/loki/commit/05b6a65f8bf00b880f17465553b1adaf0cf56d60))
+* **storage/chunk/client/aws:** have GetObject check for canceled context (backport release-3.1.x) ([#14421](https://github.com/grafana/loki/issues/14421)) ([f3d69ff](https://github.com/grafana/loki/commit/f3d69ffa960c91c0239436a32bb0aa578c0f022a))
+
 ## [3.1.1](https://github.com/grafana/loki/compare/v3.1.0...v3.1.1) (2024-08-08)