diff --git a/NEWS b/NEWS
index 882586f251201..aa9c7f7fcd90a 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,9 @@
 PHP                                                                        NEWS
 |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-?? ??? ????, PHP 8.1.7
+?? ??? ????, PHP 8.1.8
+
+
+26 May 2022, PHP 8.1.7RC1
 
 - CLI:
   . Fixed bug GH-8575 (CLI closes standard streams too early). (Levi Morrison)
diff --git a/Zend/zend.h b/Zend/zend.h
index c88d53ee27a9b..902d340427a03 100644
--- a/Zend/zend.h
+++ b/Zend/zend.h
@@ -20,7 +20,7 @@
 #ifndef ZEND_H
 #define ZEND_H
 
-#define ZEND_VERSION "4.1.7-dev"
+#define ZEND_VERSION "4.1.8-dev"
 
 #define ZEND_ENGINE_3
 
diff --git a/configure.ac b/configure.ac
index b4fa28f288136..b95e3232aef0d 100644
--- a/configure.ac
+++ b/configure.ac
@@ -17,7 +17,7 @@ dnl Basic autoconf initialization, generation of config.nice.
 dnl ----------------------------------------------------------------------------
 
 AC_PREREQ([2.68])
-AC_INIT([PHP],[8.1.7-dev],[https://bugs.php.net],[php],[https://www.php.net])
+AC_INIT([PHP],[8.1.8-dev],[https://bugs.php.net],[php],[https://www.php.net])
 AC_CONFIG_SRCDIR([main/php_version.h])
 AC_CONFIG_AUX_DIR([build])
 AC_PRESERVE_HELP_ORDER
diff --git a/main/php_version.h b/main/php_version.h
index f027619e22e83..43d5eb5b19321 100644
--- a/main/php_version.h
+++ b/main/php_version.h
@@ -2,7 +2,7 @@
 /* edit configure.ac to change version number */
 #define PHP_MAJOR_VERSION 8
 #define PHP_MINOR_VERSION 1
-#define PHP_RELEASE_VERSION 7
+#define PHP_RELEASE_VERSION 8
 #define PHP_EXTRA_VERSION "-dev"
-#define PHP_VERSION "8.1.7-dev"
-#define PHP_VERSION_ID 80107
+#define PHP_VERSION "8.1.8-dev"
+#define PHP_VERSION_ID 80108