diff --git a/artifacts/flagger/deployment.yaml b/artifacts/flagger/deployment.yaml
index b030920d..cf6183ed 100644
--- a/artifacts/flagger/deployment.yaml
+++ b/artifacts/flagger/deployment.yaml
@@ -22,7 +22,7 @@ spec:
       serviceAccountName: flagger
       containers:
       - name: flagger
-        image: weaveworks/flagger:0.15.0
+        image: weaveworks/flagger:0.16.0
         imagePullPolicy: IfNotPresent
         ports:
         - name: http
diff --git a/charts/flagger/Chart.yaml b/charts/flagger/Chart.yaml
index 890068ba..aecba758 100644
--- a/charts/flagger/Chart.yaml
+++ b/charts/flagger/Chart.yaml
@@ -1,7 +1,7 @@
 apiVersion: v1
 name: flagger
-version: 0.15.0
-appVersion: 0.15.0
+version: 0.16.0
+appVersion: 0.16.0
 kubeVersion: ">=1.11.0-0"
 engine: gotpl
 description: Flagger is a Kubernetes operator that automates the promotion of canary deployments using Istio, App Mesh or NGINX routing for traffic shifting and Prometheus metrics for canary analysis.
diff --git a/charts/flagger/values.yaml b/charts/flagger/values.yaml
index 9e34eaa5..8a55da93 100644
--- a/charts/flagger/values.yaml
+++ b/charts/flagger/values.yaml
@@ -2,7 +2,7 @@
 
 image:
   repository: weaveworks/flagger
-  tag: 0.15.0
+  tag: 0.16.0
   pullPolicy: IfNotPresent
 
 metricsServer: "http://prometheus:9090"
diff --git a/pkg/version/version.go b/pkg/version/version.go
index 13ecc04a..c3168c4a 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -1,4 +1,4 @@
 package version
 
-var VERSION = "0.15.0"
+var VERSION = "0.16.0"
 var REVISION = "unknown"