diff --git a/commands/new.go b/commands/new.go
index c4f56fec9..1bdd21949 100644
--- a/commands/new.go
+++ b/commands/new.go
@@ -344,7 +344,7 @@ description = ""
 homepage = "http://example.com/"
 tags = []
 features = []
-min_version = "0.38"
+min_version = "0.38.1"
 
 [author]
   name = ""
diff --git a/docs/config.toml b/docs/config.toml
index 4a6950a24..25cc01a0d 100644
--- a/docs/config.toml
+++ b/docs/config.toml
@@ -70,7 +70,7 @@ twitter = "GoHugoIO"
 [params]
   description = "The world’s fastest framework for building websites"
   ## Used for views in rendered HTML (i.e., rather than using the .Hugo variable)
-  release = "0.39-DEV"
+  release = "0.38.1"
   ## Setting this to true will add a "noindex" to *EVERY* page on the site
   removefromexternalsearch = false
   ## Gh repo for site footer (include trailing slash)
diff --git a/helpers/hugo.go b/helpers/hugo.go
index 914b8de3a..436ce6cbf 100644
--- a/helpers/hugo.go
+++ b/helpers/hugo.go
@@ -123,9 +123,9 @@ func (v HugoVersion) NextPatchLevel(level int) HugoVersion {
 // CurrentHugoVersion represents the current build version.
 // This should be the only one.
 var CurrentHugoVersion = HugoVersion{
-	Number:     0.39,
-	PatchLevel: 0,
-	Suffix:     "-DEV",
+	Number:     0.38,
+	PatchLevel: 1,
+	Suffix:     "",
 }
 
 func hugoVersion(version float32, patchVersion int, suffix string) string {
diff --git a/snapcraft.yaml b/snapcraft.yaml
index 66c3ae76a..1d88b6b11 100644
--- a/snapcraft.yaml
+++ b/snapcraft.yaml
@@ -1,12 +1,12 @@
 name: hugo
-version: "0.39-DEV"
+version: "0.38.1"
 summary: Fast and Flexible Static Site Generator
 description: |
   Hugo is a static HTML and CSS website generator written in Go. It is
   optimized for speed, easy use and configurability. Hugo takes a directory
   with content and templates and renders them into a full HTML website.
 confinement: strict
-grade: devel # "devel" or "stable"
+grade: stable # "devel" or "stable"
 
 apps:
   hugo: