diff --git a/projects/plugins/boost/changelog/init-release-cycle b/projects/plugins/boost/changelog/init-release-cycle
new file mode 100644
index 0000000000000..da5e1b03a8238
--- /dev/null
+++ b/projects/plugins/boost/changelog/init-release-cycle
@@ -0,0 +1,5 @@
+Significance: patch
+Type: changed
+Comment: Init 3.2.3-alpha
+
+
diff --git a/projects/plugins/boost/changelog/update-init-plugin-cycle b/projects/plugins/boost/changelog/update-init-plugin-cycle
new file mode 100644
index 0000000000000..9aa70e3ec1f75
--- /dev/null
+++ b/projects/plugins/boost/changelog/update-init-plugin-cycle
@@ -0,0 +1,5 @@
+Significance: patch
+Type: changed
+Comment: Updated composer.lock.
+
+
diff --git a/projects/plugins/boost/composer.json b/projects/plugins/boost/composer.json
index 85af127903c1d..4c93165649677 100644
--- a/projects/plugins/boost/composer.json
+++ b/projects/plugins/boost/composer.json
@@ -3,7 +3,7 @@
 	"description": "Boost your WordPress site's performance, from the creators of Jetpack",
 	"type": "library",
 	"license": "GPL-2.0-or-later",
-	"version": "3.2.2",
+	"version": "3.2.3-alpha",
 	"authors": [
 		{
 			"name": "Automattic, Inc.",
@@ -73,7 +73,7 @@
 		"platform": {
 			"ext-intl": "0.0.0"
 		},
-		"autoloader-suffix": "b1e77e6231d50e7663f84529b6a3dfda_jetpack_boostⓥ3_2_2",
+		"autoloader-suffix": "b1e77e6231d50e7663f84529b6a3dfda_jetpack_boostⓥ3_2_3_alpha",
 		"allow-plugins": {
 			"roots/wordpress-core-installer": true,
 			"automattic/jetpack-autoloader": true,
diff --git a/projects/plugins/boost/composer.lock b/projects/plugins/boost/composer.lock
index 27b9a0020d2e0..caf74bec3238a 100644
--- a/projects/plugins/boost/composer.lock
+++ b/projects/plugins/boost/composer.lock
@@ -4,7 +4,7 @@
         "Read more about it at https://getcomposer.org/doc/01-basic-usage.md#installing-dependencies",
         "This file is @generated automatically"
     ],
-    "content-hash": "6e6278837e57c84bfd839ceffa75748f",
+    "content-hash": "ea35d215b43d75885759488ee7b3023c",
     "packages": [
         {
             "name": "automattic/jetpack-a8c-mc-stats",
diff --git a/projects/plugins/boost/jetpack-boost.php b/projects/plugins/boost/jetpack-boost.php
index 178267ede0299..f74e5d44f2f59 100644
--- a/projects/plugins/boost/jetpack-boost.php
+++ b/projects/plugins/boost/jetpack-boost.php
@@ -9,7 +9,7 @@
  * Plugin Name:       Jetpack Boost
  * Plugin URI:        https://jetpack.com/boost
  * Description:       Boost your WordPress site's performance, from the creators of Jetpack
- * Version: 3.2.2
+ * Version: 3.2.3-alpha
  * Author:            Automattic - Jetpack Site Speed team
  * Author URI:        https://jetpack.com/boost/
  * License:           GPL-2.0+
@@ -29,7 +29,7 @@
 	die;
 }
 
-define( 'JETPACK_BOOST_VERSION', '3.2.2' );
+define( 'JETPACK_BOOST_VERSION', '3.2.3-alpha' );
 define( 'JETPACK_BOOST_SLUG', 'jetpack-boost' );
 
 if ( ! defined( 'JETPACK_BOOST_CLIENT_NAME' ) ) {
diff --git a/projects/plugins/boost/package.json b/projects/plugins/boost/package.json
index b1dc9a895e954..c9bda59289d1c 100644
--- a/projects/plugins/boost/package.json
+++ b/projects/plugins/boost/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "jetpack-boost",
-	"version": "3.2.2",
+	"version": "3.2.3-alpha",
 	"description": "Boost your WordPress site's performance, from the creators of Jetpack",
 	"directories": {
 		"test": "tests"
diff --git a/projects/plugins/boost/readme.txt b/projects/plugins/boost/readme.txt
index 00f3f9dd205f0..20f00495a5c99 100644
--- a/projects/plugins/boost/readme.txt
+++ b/projects/plugins/boost/readme.txt
@@ -5,7 +5,7 @@ Tags: performance, speed, web vitals, critical css, cache
 Requires at least: 5.5
 Tested up to: 6.5
 Requires PHP: 7.0
-Stable tag: 3.1.1
+Stable tag: 3.2.2
 License: GPLv2 or later
 License URI: http://www.gnu.org/licenses/gpl-2.0.html