diff --git a/include/pika_version.h b/include/pika_version.h
index 81e499665..3bf638c85 100644
--- a/include/pika_version.h
+++ b/include/pika_version.h
@@ -8,6 +8,6 @@
 
 #define PIKA_MAJOR 3
 #define PIKA_MINOR 2
-#define PIKA_PATCH 4
+#define PIKA_PATCH 5
 
 #endif  // INCLUDE_PIKA_VERSION_H_