diff --git a/VERSION b/VERSION
index 55274d266..da08df873 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v1.53.0
+v1.54.0
diff --git a/docs/layouts/partials/version.html b/docs/layouts/partials/version.html
index 55274d266..b592d756e 100644
--- a/docs/layouts/partials/version.html
+++ b/docs/layouts/partials/version.html
@@ -1 +1 @@
-v1.53.0
+v1.54.0
\ No newline at end of file
diff --git a/fs/version.go b/fs/version.go
index 0110ac8d3..ff8c7f68e 100644
--- a/fs/version.go
+++ b/fs/version.go
@@ -1,4 +1,4 @@
 package fs
 
 // Version of rclone
-var Version = "v1.53.0-DEV"
+var Version = "v1.54.0-DEV"