diff --git a/CMakeLists.txt b/CMakeLists.txt
index fb5e182b9..46094cc84 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -9,7 +9,7 @@ if(POLICY CMP0022)
 endif()
 
 project(libjpeg-turbo C)
-set(VERSION 1.5.3)
+set(VERSION 1.5.4)
 string(REPLACE "." ";" VERSION_TRIPLET ${VERSION})
 list(GET VERSION_TRIPLET 0 VERSION_MAJOR)
 list(GET VERSION_TRIPLET 1 VERSION_MINOR)
diff --git a/configure.ac b/configure.ac
index af80ee5d6..6424140dc 100644
--- a/configure.ac
+++ b/configure.ac
@@ -2,7 +2,7 @@
 # Process this file with autoconf to produce a configure script.
 
 AC_PREREQ([2.56])
-AC_INIT([libjpeg-turbo], [1.5.3])
+AC_INIT([libjpeg-turbo], [1.5.4])
 
 AM_INIT_AUTOMAKE([-Wall foreign dist-bzip2])
 AC_PREFIX_DEFAULT(/opt/libjpeg-turbo)