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..fa6b6061b643e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.1.2](https://github.com/grafana/loki/compare/v3.1.1...v3.1.2) (2024-09-23)
+
+
+### Bug Fixes
+
+* **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))
+
 ## [3.1.1](https://github.com/grafana/loki/compare/v3.1.0...v3.1.1) (2024-08-08)