diff --git a/python/aistore/version.py b/python/aistore/version.py
index 14d9d2f583a..3c1e9cbd302 100644
--- a/python/aistore/version.py
+++ b/python/aistore/version.py
@@ -1 +1 @@
-__version__ = "1.7.0"
+__version__ = "1.7.1"