diff --git a/python/ctranslate2/version.py b/python/ctranslate2/version.py
index c2b9e3c70..45539407b 100644
--- a/python/ctranslate2/version.py
+++ b/python/ctranslate2/version.py
@@ -1,3 +1,3 @@
 """Version information."""
 
-__version__ = "4.8.0"
+__version__ = "4.8.1"