diff --git a/VERSION b/VERSION
index da08df873..853ab7965 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.54.0
+v1.54.1
diff --git a/docs/layouts/partials/version.html b/docs/layouts/partials/version.html
index b592d756e..21ed85d74 100644
--- a/docs/layouts/partials/version.html
+++ b/docs/layouts/partials/version.html
@@ -1 +1 @@
-v1.54.0
\ No newline at end of file
+v1.54.1
\ No newline at end of file
diff --git a/fs/version.go b/fs/version.go
index ff8c7f68e..d6a5782c2 100644
--- a/fs/version.go
+++ b/fs/version.go
@@ -1,4 +1,4 @@
 package fs
 
 // Version of rclone
-var Version = "v1.54.0-DEV"
+var Version = "v1.54.1-DEV"