diff --git a/cluster-autoscaler/version.go b/cluster-autoscaler/version.go
index b3a1a74a64a2..b9cb67d95c95 100644
--- a/cluster-autoscaler/version.go
+++ b/cluster-autoscaler/version.go
@@ -17,4 +17,4 @@ limitations under the License.
 package main
 
 // ClusterAutoscalerVersion contains version of CA.
-const ClusterAutoscalerVersion = "1.2.2"
+const ClusterAutoscalerVersion = "1.2.3-beta.1"