diff --git a/CHANGELOG.md b/CHANGELOG.md
index 016b8d3..6702fae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 All notable changes to Epicure are documented here. This file is mirrored in-app at `/changelog` (and in the admin dashboard) via `apps/web/lib/changelog.ts` — update both together.
 
+## 0.12.1 — 2026-07-13 13:25
+
+### Fixed
+- Changelog entries showed literal `**bold**` markup instead of rendering it.
+
 ## 0.12.0 — 2026-07-13 12:52
 
 ### Added
diff --git a/apps/web/components/shared/changelog-list.tsx b/apps/web/components/shared/changelog-list.tsx
index 0439a3b..3ba82f6 100644
--- a/apps/web/components/shared/changelog-list.tsx
+++ b/apps/web/components/shared/changelog-list.tsx
@@ -1,7 +1,29 @@
+import { Fragment } from "react";
 import { Badge } from "@/components/ui/badge";
 import { Separator } from "@/components/ui/separator";
 import { CHANGELOG } from "@/lib/changelog";
 
+// Changelog entries are plain strings with occasional **bold** and `code`
+// spans — never full markdown (lists, links, headings) — so a tiny inline
+// parser is enough and keeps this off the react-markdown dependency used for
+// full AI chat output elsewhere.
+function InlineMarkdown({ text }: { text: string }) {
+  const parts = text.split(/(\*\*[^*]+\*\*|`[^`]+`)/g).filter(Boolean);
+  return (
+    <>
+      {parts.map((part, i) => {
+        if (part.startsWith("**") && part.endsWith("**")) {
+          return <strong key={i}>{part.slice(2, -2)}</strong>;
+        }
+        if (part.startsWith("`") && part.endsWith("`")) {
+          return <code key={i} className="rounded bg-muted px-1 py-0.5 text-xs">{part.slice(1, -1)}</code>;
+        }
+        return <Fragment key={i}>{part}</Fragment>;
+      })}
+    </>
+  );
+}
+
 export function ChangelogList() {
   return (
     <div className="space-y-8 max-w-2xl">
@@ -18,7 +40,7 @@ export function ChangelogList() {
             <div className="space-y-1.5">
               <p className="text-xs font-medium uppercase tracking-wide text-muted-foreground">Added</p>
               <ul className="space-y-1 text-sm list-disc pl-5">
-                {entry.added.map((line, j) => <li key={j}>{line}</li>)}
+                {entry.added.map((line, j) => <li key={j}><InlineMarkdown text={line} /></li>)}
               </ul>
             </div>
           )}
@@ -27,7 +49,7 @@ export function ChangelogList() {
             <div className="space-y-1.5">
               <p className="text-xs font-medium uppercase tracking-wide text-muted-foreground">Fixed</p>
               <ul className="space-y-1 text-sm list-disc pl-5">
-                {entry.fixed.map((line, j) => <li key={j}>{line}</li>)}
+                {entry.fixed.map((line, j) => <li key={j}><InlineMarkdown text={line} /></li>)}
               </ul>
             </div>
           )}
@@ -36,7 +58,7 @@ export function ChangelogList() {
             <div className="space-y-1.5">
               <p className="text-xs font-medium uppercase tracking-wide text-muted-foreground">Security</p>
               <ul className="space-y-1 text-sm list-disc pl-5">
-                {entry.security.map((line, j) => <li key={j}>{line}</li>)}
+                {entry.security.map((line, j) => <li key={j}><InlineMarkdown text={line} /></li>)}
               </ul>
             </div>
           )}
diff --git a/apps/web/lib/changelog.ts b/apps/web/lib/changelog.ts
index cf95868..9deb656 100644
--- a/apps/web/lib/changelog.ts
+++ b/apps/web/lib/changelog.ts
@@ -1,5 +1,5 @@
 // Mirrors CHANGELOG.md at the repo root — update both together.
-export const APP_VERSION = "0.12.0";
+export const APP_VERSION = "0.12.1";
 
 export type ChangelogEntry = {
   version: string;
@@ -11,6 +11,13 @@ export type ChangelogEntry = {
 };
 
 export const CHANGELOG: ChangelogEntry[] = [
+  {
+    version: "0.12.1",
+    date: "2026-07-13 13:25",
+    fixed: [
+      "Changelog entries showed literal `**bold**` markup instead of rendering it.",
+    ],
+  },
   {
     version: "0.12.0",
     date: "2026-07-13 12:52",
diff --git a/apps/web/package.json b/apps/web/package.json
index 4e9957f..720282d 100644
--- a/apps/web/package.json
+++ b/apps/web/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@epicure/web",
-  "version": "0.12.0",
+  "version": "0.12.1",
   "private": true,
   "scripts": {
     "dev": "next dev",
diff --git a/package.json b/package.json
index 6cf91d5..f49837b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "epicure",
-  "version": "0.12.0",
+  "version": "0.12.1",
   "private": true,
   "scripts": {
     "dev": "pnpm --filter web dev",