diff --git a/configure.ac b/configure.ac
index c59b3f7bd9..e3f2d12a36 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,6 +1,6 @@
 AC_PREREQ([2.63])
 dnl If incrementing the version here, remember to update libostree.sym too
-AC_INIT([ostree], [2016.15], [walters@verbum.org])
+AC_INIT([ostree], [2017.1], [walters@verbum.org])
 AC_CONFIG_HEADER([config.h])
 AC_CONFIG_MACRO_DIR([buildutil])
 AC_CONFIG_AUX_DIR([build-aux])