diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c658b1e..c42b441a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # CocoaPods Core Changelog
 
-## Master
+## 1.16.2 (2024-10-31)
 
 ##### Enhancements
 
diff --git a/Gemfile.lock b/Gemfile.lock
index 02e586d1..364ef60d 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    cocoapods-core (1.16.1)
+    cocoapods-core (1.16.2)
       activesupport (>= 5.0, < 8)
       addressable (~> 2.8)
       algoliasearch (~> 1.0)
@@ -15,8 +15,9 @@ PATH
 GEM
   remote: https://rubygems.org/
   specs:
-    activesupport (7.2.1.2)
+    activesupport (7.2.2)
       base64
+      benchmark (>= 0.3)
       bigdecimal
       concurrent-ruby (~> 1.0, >= 1.3.1)
       connection_pool (>= 2.2.5)
@@ -35,6 +36,7 @@ GEM
     awesome_print (1.9.2)
     bacon (1.2.0)
     base64 (0.1.2)
+    benchmark (0.3.0)
     bigdecimal (3.1.8)
     coderay (1.1.3)
     concurrent-ruby (1.3.4)
@@ -50,7 +52,7 @@ GEM
     httpclient (2.8.3)
     i18n (1.14.6)
       concurrent-ruby (~> 1.0)
-    json (2.7.4)
+    json (2.7.5)
     kicker (3.0.0)
       listen (~> 1.3.0)
       notify (~> 0.5.2)
diff --git a/lib/cocoapods-core/gem_version.rb b/lib/cocoapods-core/gem_version.rb
index dfff130f..382c57a9 100644
--- a/lib/cocoapods-core/gem_version.rb
+++ b/lib/cocoapods-core/gem_version.rb
@@ -1,5 +1,5 @@
 module Pod
   # The version of the cocoapods-core.
   #
-  CORE_VERSION = '1.16.1'.freeze unless defined? Pod::CORE_VERSION
+  CORE_VERSION = '1.16.2'.freeze unless defined? Pod::CORE_VERSION
 end