diff --git a/README.md b/README.md
index 8c57a7a..316890f 100644
--- a/README.md
+++ b/README.md
@@ -15,7 +15,7 @@ A GitHub action to turn a GitHub project into a self-hosted Helm chart repo, usi
 
 For more information on inputs, see the [API Documentation](https://developer.github.com/v3/repos/releases/#input)
 
-- `version`: The chart-releaser version to use (default: v1.2.0)
+- `version`: The chart-releaser version to use (default: v1.2.1)
 - `config`: Optional config file for chart-releaser
 - `charts_dir`: The charts directory
 - `charts_repo_url`: The GitHub Pages URL to the charts repo (default: `https://<owner>.github.io/<project>`)
@@ -52,7 +52,7 @@ jobs:
           version: v3.4.0
 
       - name: Run chart-releaser
-        uses: helm/chart-releaser-action@v1.2.0
+        uses: helm/chart-releaser-action@v1.2.1
         env:
           CR_TOKEN: "${{ secrets.GITHUB_TOKEN }}"
 ```
diff --git a/action.yml b/action.yml
index 3201c9d..5f74729 100644
--- a/action.yml
+++ b/action.yml
@@ -6,7 +6,7 @@ branding:
   icon: anchor
 inputs:
   version:
-    description: "The chart-releaser version to use (default: v1.2.0)"
+    description: "The chart-releaser version to use (default: v1.2.1)"
   config:
     description: "The relative path to the chart-releaser config file"
   charts_dir:
diff --git a/cr.sh b/cr.sh
index 419cf82..bd0a584 100755
--- a/cr.sh
+++ b/cr.sh
@@ -18,7 +18,7 @@ set -o errexit
 set -o nounset
 set -o pipefail
 
-DEFAULT_CHART_RELEASER_VERSION=v1.2.0
+DEFAULT_CHART_RELEASER_VERSION=v1.2.1
 
 show_help() {
 cat << EOF