diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 4278422dfacc9f8..5f4f1d75b43e645 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -10,7 +10,7 @@
 
 __all__ = ["version", "bootstrap"]
 _PACKAGE_NAMES = ('pip',)
-_PIP_VERSION = "23.1.1"
+_PIP_VERSION = "23.1.2"
 _PROJECTS = [
     ("pip", _PIP_VERSION, "py3"),
 ]
diff --git a/Lib/ensurepip/_bundled/pip-23.1.1-py3-none-any.whl b/Lib/ensurepip/_bundled/pip-23.1.2-py3-none-any.whl
similarity index 93%
rename from Lib/ensurepip/_bundled/pip-23.1.1-py3-none-any.whl
rename to Lib/ensurepip/_bundled/pip-23.1.2-py3-none-any.whl
index dee4c0304b2c364..6a2515615ccda31 100644
Binary files a/Lib/ensurepip/_bundled/pip-23.1.1-py3-none-any.whl and b/Lib/ensurepip/_bundled/pip-23.1.2-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2023-04-26-09-38-47.gh-issue-103872.8LBsDz.rst b/Misc/NEWS.d/next/Library/2023-04-26-09-38-47.gh-issue-103872.8LBsDz.rst
new file mode 100644
index 000000000000000..b840f9f5769f08f
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2023-04-26-09-38-47.gh-issue-103872.8LBsDz.rst
@@ -0,0 +1 @@
+Update the bundled copy of pip to version 23.1.2.