diff --git a/charts/cluster-autoscaler/Chart.yaml b/charts/cluster-autoscaler/Chart.yaml
index fd11b4490beb..46681589a527 100644
--- a/charts/cluster-autoscaler/Chart.yaml
+++ b/charts/cluster-autoscaler/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: 1.26.2
+appVersion: 1.27.1
 description: Scales Kubernetes worker nodes within autoscaling groups.
 engine: gotpl
 home: https://github.com/kubernetes/autoscaler
@@ -11,4 +11,4 @@ name: cluster-autoscaler
 sources:
   - https://github.com/kubernetes/autoscaler/tree/master/cluster-autoscaler
 type: application
-version: 9.28.0
+version: 9.29.0
diff --git a/charts/cluster-autoscaler/README.md b/charts/cluster-autoscaler/README.md
index 6580cff5d378..2683e8543b61 100644
--- a/charts/cluster-autoscaler/README.md
+++ b/charts/cluster-autoscaler/README.md
@@ -383,7 +383,7 @@ vpa:
 | image.pullPolicy | string | `"IfNotPresent"` | Image pull policy |
 | image.pullSecrets | list | `[]` | Image pull secrets |
 | image.repository | string | `"registry.k8s.io/autoscaling/cluster-autoscaler"` | Image repository |
-| image.tag | string | `"v1.26.2"` | Image tag |
+| image.tag | string | `"v1.27.1"` | Image tag |
 | kubeTargetVersionOverride | string | `""` | Allow overriding the `.Capabilities.KubeVersion.GitVersion` check. Useful for `helm template` commands. |
 | magnumCABundlePath | string | `"/etc/kubernetes/ca-bundle.crt"` | Path to the host's CA bundle, from `ca-file` in the cloud-config file. |
 | magnumClusterName | string | `""` | Cluster name or ID in Magnum. Required if `cloudProvider=magnum` and not setting `autoDiscovery.clusterName`. |
diff --git a/charts/cluster-autoscaler/templates/clusterrole.yaml b/charts/cluster-autoscaler/templates/clusterrole.yaml
index e3d36557ffd4..63a65a044421 100644
--- a/charts/cluster-autoscaler/templates/clusterrole.yaml
+++ b/charts/cluster-autoscaler/templates/clusterrole.yaml
@@ -152,6 +152,8 @@ rules:
     resources:
     - machinedeployments
     - machinedeployments/scale
+    - machinepools
+    - machinepools/scale
     - machines
     - machinesets
     verbs:
diff --git a/charts/cluster-autoscaler/templates/role.yaml b/charts/cluster-autoscaler/templates/role.yaml
index b22fb58be8a4..1fe013fe1ac7 100644
--- a/charts/cluster-autoscaler/templates/role.yaml
+++ b/charts/cluster-autoscaler/templates/role.yaml
@@ -50,6 +50,8 @@ rules:
     resources:
     - machinedeployments
     - machinedeployments/scale
+    - machinepools
+    - machinepools/scale
     - machines
     - machinesets
     verbs:
diff --git a/charts/cluster-autoscaler/values.yaml b/charts/cluster-autoscaler/values.yaml
index 2f3e5cf609e3..048de6dc46a6 100644
--- a/charts/cluster-autoscaler/values.yaml
+++ b/charts/cluster-autoscaler/values.yaml
@@ -230,7 +230,7 @@ image:
   # image.repository -- Image repository
   repository: registry.k8s.io/autoscaling/cluster-autoscaler
   # image.tag -- Image tag
-  tag: v1.26.2
+  tag: v1.27.1
   # image.pullPolicy -- Image pull policy
   pullPolicy: IfNotPresent
   ## Optionally specify an array of imagePullSecrets.