diff --git a/meta.yaml b/meta.yaml
index 4b44ecbbe1b..d4ad13179ad 100644
--- a/meta.yaml
+++ b/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "1.7.1" %}
+{% set version = "1.8" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-compressor
diff --git a/neural_compressor/version.py b/neural_compressor/version.py
index 975bd8e54b4..30257e3648a 100644
--- a/neural_compressor/version.py
+++ b/neural_compressor/version.py
@@ -15,4 +15,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.7.1"
+__version__ = "1.8"