diff --git a/NEWS b/NEWS
index da7d8db..5e4368e 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,12 @@
+Overview of changes leading to 3.1.2
+Friday, November 26, 2021
+====================================
+- hb-shape / hb-view: revert treating text on the commandline as single
+  paragraph (was introduced in 3.0.0); add new --single-par to do that.
+  (Behdad Esfahbod)
+- Subsetter bug fixes. (Garret Rieger, Qunxin Liu, Behdad Esfahbod)
+
+
 Overview of changes leading to 3.1.1
 Wednesday, November 8, 2021
 ====================================
diff --git a/configure.ac b/configure.ac
index 0acbba3..af72ff9 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.64])
 AC_INIT([HarfBuzz],
-        [3.1.1],
+        [3.1.2],
         [https://github.com/harfbuzz/harfbuzz/issues/new],
         [harfbuzz],
         [http://harfbuzz.org/])
diff --git a/meson.build b/meson.build
index 0cddf7c..53b721f 100644
--- a/meson.build
+++ b/meson.build
@@ -1,6 +1,6 @@
 project('harfbuzz', 'c', 'cpp',
   meson_version: '>= 0.55.0',
-  version: '3.1.1',
+  version: '3.1.2',
   default_options: [
     'cpp_rtti=false',       # Just to support msvc, we are passing -fno-exceptions also anyway
     'cpp_std=c++11',
diff --git a/src/hb-version.h b/src/hb-version.h
index 1a4f0bf..c9fefa1 100644
--- a/src/hb-version.h
+++ b/src/hb-version.h
@@ -53,14 +53,14 @@
  *
  * The micro component of the library version available at compile-time.
  */
-#define HB_VERSION_MICRO 1
+#define HB_VERSION_MICRO 2
 
 /**
  * HB_VERSION_STRING:
  *
  * A string literal containing the library version available at compile-time.
  */
-#define HB_VERSION_STRING "3.1.1"
+#define HB_VERSION_STRING "3.1.2"
 
 /**
  * HB_VERSION_ATLEAST: