diff --git a/system/victoriametrics/release.yaml b/system/victoriametrics/release.yaml
index 0fff6ccbf..742b7afe2 100644
--- a/system/victoriametrics/release.yaml
+++ b/system/victoriametrics/release.yaml
@@ -10,7 +10,7 @@ spec:
       sourceRef:
         kind: HelmRepository
         name: victoriametrics
-      version: "0.30.3"
+      version: "0.31.0"
   interval: 1h0m0s
   valuesFrom:
     - kind: ConfigMap