diff --git a/CHANGELOG.md b/CHANGELOG.md
index 69f23ee15..509d40188 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,29 @@
 
 All notable changes to this project are documented in this file.
 
+## 1.22.1
+
+**Release date:** 2022-08-01
+
+This minor release fixes a bug related to the use of HPA v2beta2 and updates
+the KEDA ScaledObject API to include `MetricType` for `ScaleTriggers`.
+
+Furthermore, the project has been updated to use Go 1.18 and Alpine 3.16.
+
+#### Fixes:
+
+- Update KEDA ScaledObject API to include MetricType for Triggers
+  [#1241](https://github.com/fluxcd/flagger/pull/1241)
+- Fix fallback logic for HPAv2 to v2beta2
+  [#1242](https://github.com/fluxcd/flagger/pull/1242)
+
+#### Improvements:
+- Update Go to 1.18 and Alpine to 3.16
+  [#1243](https://github.com/fluxcd/flagger/pull/1243)
+- Clarify HPA API requirement
+  [#1239](https://github.com/fluxcd/flagger/pull/1239)
+- Update README
+  [#1233](https://github.com/fluxcd/flagger/pull/1233)
 
 ## 1.22.0
 
diff --git a/artifacts/flagger/deployment.yaml b/artifacts/flagger/deployment.yaml
index 7ec7db7f5..de62e24e1 100644
--- a/artifacts/flagger/deployment.yaml
+++ b/artifacts/flagger/deployment.yaml
@@ -22,7 +22,7 @@ spec:
       serviceAccountName: flagger
       containers:
       - name: flagger
-        image: ghcr.io/fluxcd/flagger:1.22.0
+        image: ghcr.io/fluxcd/flagger:1.22.1
         imagePullPolicy: IfNotPresent
         ports:
         - name: http
diff --git a/charts/flagger/Chart.yaml b/charts/flagger/Chart.yaml
index d3b9328bf..2cf500e86 100644
--- a/charts/flagger/Chart.yaml
+++ b/charts/flagger/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: flagger
-version: 1.22.0
-appVersion: 1.22.0
+version: 1.22.1
+appVersion: 1.22.1
 kubeVersion: ">=1.19.0-0"
 engine: gotpl
 description: Flagger is a progressive delivery operator for Kubernetes
diff --git a/charts/flagger/values.yaml b/charts/flagger/values.yaml
index fce4c6e12..2a5cf3c4b 100644
--- a/charts/flagger/values.yaml
+++ b/charts/flagger/values.yaml
@@ -2,7 +2,7 @@
 
 image:
   repository: ghcr.io/fluxcd/flagger
-  tag: 1.22.0
+  tag: 1.22.1
   pullPolicy: IfNotPresent
   pullSecret:
 
diff --git a/kustomize/base/flagger/kustomization.yaml b/kustomize/base/flagger/kustomization.yaml
index 52053cce5..3e0cf1169 100644
--- a/kustomize/base/flagger/kustomization.yaml
+++ b/kustomize/base/flagger/kustomization.yaml
@@ -9,4 +9,4 @@ resources:
 images:
   - name: ghcr.io/fluxcd/flagger
     newName: ghcr.io/fluxcd/flagger
-    newTag: 1.22.0
+    newTag: 1.22.1
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 70f92c005..bcc56fb32 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -16,5 +16,5 @@ limitations under the License.
 
 package version
 
-var VERSION = "1.22.0"
+var VERSION = "1.22.1"
 var REVISION = "unknown"