diff --git a/CHANGELOG.md b/CHANGELOG.md
index cbe2eb2b1e8..41f21c0647b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,19 @@
+## [3.4.31](https://github.com/vuejs/core/compare/v3.4.30...v3.4.31) (2024-06-28)
+
+
+### Bug Fixes
+
+* **compiler-core:** handle inline comments with undefined bindings ([#11217](https://github.com/vuejs/core/issues/11217)) ([746352a](https://github.com/vuejs/core/commit/746352a14d62e9d3d9a38c359d2c54d418c1e0ac)), closes [#11216](https://github.com/vuejs/core/issues/11216)
+* **shared:** unwrap refs in toDisplayString ([#7306](https://github.com/vuejs/core/issues/7306)) ([0126cff](https://github.com/vuejs/core/commit/0126cfff9d93bcec70e5745519f6378e3cd3f39c)), closes [#5578](https://github.com/vuejs/core/issues/5578) [#5593](https://github.com/vuejs/core/issues/5593) [#11199](https://github.com/vuejs/core/issues/11199) [#11201](https://github.com/vuejs/core/issues/11201)
+
+
+### Reverts
+
+* Revert "fix(reactivity): avoid infinite loop when render access a side effect computed ([#11135](https://github.com/vuejs/core/issues/11135))" ([e0df985](https://github.com/vuejs/core/commit/e0df985f0317fb65c5b461bf224375c7763f0269))
+* Revert "fix(reactivity): fix side effect computed dirty level (#11183)" ([6c303ea](https://github.com/vuejs/core/commit/6c303eacd14b7b0de0accc228f6abeb43d706f63)), closes [#11183](https://github.com/vuejs/core/issues/11183)
+
+
+
 ## [3.4.30](https://github.com/vuejs/core/compare/v3.4.29...v3.4.30) (2024-06-22)
 
 **Note: this release contains a fix (#11150) that requires `vue-tsc` to also be updated in sync to ^2.0.22. See #11196**
diff --git a/package.json b/package.json
index b28fc69b833..bb2576a67b9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.4.30",
+  "version": "3.4.31",
   "packageManager": "pnpm@9.4.0",
   "type": "module",
   "scripts": {
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index def06be90ca..42b8e9f5b79 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index c0ce85cfd97..b18785c7d74 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index c0bea5f73fd..22ee88edb57 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "module": "dist/compiler-sfc.esm-browser.js",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index 4a8b30f859d..a7b71e94cba 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index 6746efb4bde..8f989994260 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index b7dc8a755b5..48ff50e8f8a 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index 514df0d53b6..490be0fbd28 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index 005900141e7..cace5e23b1b 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "module": "dist/server-renderer.esm-bundler.js",
diff --git a/packages/shared/package.json b/packages/shared/package.json
index 3e5a46509a1..a332a6ac4e0 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/vue-compat/package.json b/packages/vue-compat/package.json
index 435e62ef1d3..1745f1424e0 100644
--- a/packages/vue-compat/package.json
+++ b/packages/vue-compat/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compat",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "Vue 3 compatibility build for Vue 2",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
diff --git a/packages/vue/package.json b/packages/vue/package.json
index a6160739a20..3b83a6b70a2 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.4.30",
+  "version": "3.4.31",
   "description": "The progressive JavaScript framework for building modern web UI.",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",