diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f1b223b..b4fa2c96 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,7 +18,7 @@
 
 * [libnvidia-container] Support OpenSSL 3 with the Encrypt/Decrypt library
 
-* [toolkit-container] Bump CUDA base image version to 12.1.1.
+* [toolkit-container] Bump CUDA base image version to 12.2.0.
 
 ## v1.13.1
 
diff --git a/versions.mk b/versions.mk
index 623497ac..2338f002 100644
--- a/versions.mk
+++ b/versions.mk
@@ -30,7 +30,7 @@ NVIDIA_CONTAINER_RUNTIME_VERSION := 3.14.0
 # Specify the expected libnvidia-container0 version for arm64-based ubuntu builds.
 LIBNVIDIA_CONTAINER0_VERSION := 0.10.0+jetpack
 
-CUDA_VERSION := 12.1.1
+CUDA_VERSION := 12.2.0
 GOLANG_VERSION := 1.20.3
 
 GIT_COMMIT ?= $(shell git describe --match="" --dirty --long --always --abbrev=40 2> /dev/null || echo "")