diff --git a/gradle.properties b/gradle.properties
index 3f8bd83df3f35f84444db4310a87de8a5fc48041..7ffa3792eca9d66b8bf2416bb8a2844ba3bb72c2 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -9,7 +9,7 @@ rust.msrv=1.62.1
 org.gradle.jvmargs=-Xmx1024M
 
 # Version number to use for the generated runtime crates
-smithy.rs.runtime.crate.version=0.54.0
+smithy.rs.runtime.crate.version=0.54.1
 
 kotlin.code.style=official