diff --git a/icu4c/source/common/unicode/uvernum.h b/icu4c/source/common/unicode/uvernum.h
index 13c476f6899..6f3ae35b9d6 100644
--- a/icu4c/source/common/unicode/uvernum.h
+++ b/icu4c/source/common/unicode/uvernum.h
@@ -63,13 +63,13 @@
  *  This value will change in the subsequent releases of ICU
  *  @stable ICU 2.6
  */
-#define U_ICU_VERSION_MINOR_NUM 0
+#define U_ICU_VERSION_MINOR_NUM 1
 
 /** The current ICU patchlevel version as an integer.
  *  This value will change in the subsequent releases of ICU
  *  @stable ICU 2.4
  */
-#define U_ICU_VERSION_PATCHLEVEL_NUM 1
+#define U_ICU_VERSION_PATCHLEVEL_NUM 0
 
 /** The current ICU build level version as an integer.
  *  This value is for use by ICU clients. It defaults to 0.
@@ -118,7 +118,7 @@
  *  This value will change in the subsequent releases of ICU
  *  @stable ICU 2.4
  */
-#define U_ICU_VERSION "56.0.1"
+#define U_ICU_VERSION "56.1"
 
 /** The current ICU library major/minor version as a string without dots, for library name suffixes.
  *  This value will change in the subsequent releases of ICU
@@ -130,7 +130,7 @@
 /** Data version in ICU4C.
  * @internal ICU 4.4 Internal Use Only
  **/
-#define U_ICU_DATA_VERSION "56.0.1"
+#define U_ICU_DATA_VERSION "56.1"
 #endif  /* U_HIDE_INTERNAL_API */
 
 /*===========================================================================
diff --git a/icu4c/source/data/misc/icuver.txt b/icu4c/source/data/misc/icuver.txt
index eae0e6e0d61..e15dc9dba1b 100644
--- a/icu4c/source/data/misc/icuver.txt
+++ b/icu4c/source/data/misc/icuver.txt
@@ -6,6 +6,6 @@
 // ***************************************************************************
 
 icuver:table(nofallback){ 
-    DataVersion { "56.0.1.0" }
-    ICUVersion  { "56.0.1.0" }
+    DataVersion { "56.1.0.0" }
+    ICUVersion  { "56.1.0.0" }
 }