diff --git a/CHANGELOG.md b/CHANGELOG.md
index e5991722..cd31c4b1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+2.18.1 - 2022-04-02
+===================
+
+### Fixes
+- Fix regression for `repo: local` hooks running `python<3.7`
+    - #2324 PR by @asottile.
+
 2.18.0 - 2022-04-02
 ===================
 
diff --git a/setup.cfg b/setup.cfg
index 92b15459..ca92af3e 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = pre_commit
-version = 2.18.0
+version = 2.18.1
 description = A framework for managing and maintaining multi-language pre-commit hooks.
 long_description = file: README.md
 long_description_content_type = text/markdown