diff --git a/CHANGES.rst b/CHANGES.rst
index f4930654e..2355ddde2 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -2,13 +2,13 @@
 Changelog
 =========
 
-v0.49.0 (unreleased)
+v0.48.2 (2024-02-26)
 --------------------
 Contributors to this version: Juliette Lavoie (:user:`juliettelavoie`).
 
 Bug fixes
 ^^^^^^^^^
-* Add `measure` to YAML validation schema (for building sdba properties) and allow skipping the YAML validation when building modules. ( :pull:`1664`).
+* Add ``measure`` to YAML validation schema (for building sdba properties) and allow skipping the YAML validation when building modules. (:pull:`1664`).
 
 v0.48.1 (2024-02-20)
 --------------------
diff --git a/pyproject.toml b/pyproject.toml
index fe0df514b..a0a6f60aa 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -123,7 +123,7 @@ target-version = [
 ]
 
 [tool.bumpversion]
-current_version = "0.48.2-dev.0"
+current_version = "0.48.2"
 commit = true
 commit_args = "--no-verify"
 tag = false
diff --git a/xclim/__init__.py b/xclim/__init__.py
index f69c27be6..fc94420ca 100644
--- a/xclim/__init__.py
+++ b/xclim/__init__.py
@@ -16,7 +16,7 @@
 
 __author__ = """Travis Logan"""
 __email__ = "logan.travis@ouranos.ca"
-__version__ = "0.48.2-dev.0"
+__version__ = "0.48.2"
 
 
 _module_data = _files("xclim.data")