diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 1fb1d505cfd0c5..21e4ad99a39628 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -10,7 +10,7 @@
 
 __all__ = ["version", "bootstrap"]
 _PACKAGE_NAMES = ('pip',)
-_PIP_VERSION = "23.2.1"
+_PIP_VERSION = "23.3.1"
 _PROJECTS = [
     ("pip", _PIP_VERSION, "py3"),
 ]