diff --git a/docs/source/getting_started/installation.rst b/docs/source/getting_started/installation.rst
index 57ad8bacedfcc..5294003aa9261 100644
--- a/docs/source/getting_started/installation.rst
+++ b/docs/source/getting_started/installation.rst
@@ -48,7 +48,7 @@ You can install vLLM using pip:
 
     .. code-block:: console
 
-        $ export VLLM_VERSION=0.5.2 # vLLM's main branch version is currently set to latest released tag
+        $ export VLLM_VERSION=0.5.4 # vLLM's main branch version is currently set to latest released tag
         $ pip install https://vllm-wheels.s3.us-west-2.amazonaws.com/nightly/vllm-${VLLM_VERSION}-cp38-abi3-manylinux1_x86_64.whl
         $ # You can also access a specific commit
         $ # export VLLM_COMMIT=...
diff --git a/vllm/version.py b/vllm/version.py
index 6930654710632..247036f1d6211 100644
--- a/vllm/version.py
+++ b/vllm/version.py
@@ -9,4 +9,4 @@
                   stacklevel=2)
     __commit__ = "COMMIT_HASH_PLACEHOLDER"
 
-__version__ = "0.5.3.post1"
+__version__ = "0.5.4"