diff --git a/charts/consul/Chart.yaml b/charts/consul/Chart.yaml
index fd91208f9e..65fe2d2825 100644
--- a/charts/consul/Chart.yaml
+++ b/charts/consul/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: consul
-version: 0.47.0
+version: 0.47.1
 appVersion: 1.13.1
 kubeVersion: ">=1.19.0-0"
 description: Official HashiCorp Consul Chart
@@ -15,7 +15,7 @@ annotations:
     - name: consul
       image: hashicorp/consul:1.13.1
     - name: consul-k8s-control-plane
-      image: hashicorp/consul-k8s-control-plane:0.47.0
+      image: hashicorp/consul-k8s-control-plane:0.47.1
     - name: envoy
       image: envoyproxy/envoy:v1.22.4
   artifacthub.io/license: MPL-2.0
diff --git a/charts/consul/values.yaml b/charts/consul/values.yaml
index 737fd8c124..952e705332 100644
--- a/charts/consul/values.yaml
+++ b/charts/consul/values.yaml
@@ -127,7 +127,7 @@ global:
   # image that is used for functionality such as catalog sync.
   # This can be overridden per component.
   # @default: hashicorp/consul-k8s-control-plane:<latest version>
-  imageK8S: hashicorp/consul-k8s-control-plane:0.46.0
+  imageK8S: hashicorp/consul-k8s-control-plane:0.47.1
 
   # The name of the datacenter that the agents should
   # register as. This can't be changed once the Consul cluster is up and running
diff --git a/cli/version/version.go b/cli/version/version.go
index f7b18c28b0..891d73d4fc 100644
--- a/cli/version/version.go
+++ b/cli/version/version.go
@@ -14,7 +14,7 @@ var (
 	//
 	// Version must conform to the format expected by
 	// github.com/hashicorp/go-version for tests to work.
-	Version = "0.47.0"
+	Version = "0.47.1"
 
 	// A pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release
diff --git a/control-plane/version/version.go b/control-plane/version/version.go
index f7b18c28b0..891d73d4fc 100644
--- a/control-plane/version/version.go
+++ b/control-plane/version/version.go
@@ -14,7 +14,7 @@ var (
 	//
 	// Version must conform to the format expected by
 	// github.com/hashicorp/go-version for tests to work.
-	Version = "0.47.0"
+	Version = "0.47.1"
 
 	// A pre-release marker for the version. If this is "" (empty string)
 	// then it means that it is a final release. Otherwise, this is a pre-release