diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1f4762a1c..0b27343d4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,11 @@
 
 **Please note that Webpacker 4.1.0 has an installer bug. Please use 4.2.0 or above**
 
-## [[5.4.0]](https://github.com/rails/webpacker/compare/v5.4.0...v5.4.1) - 2021-08-20
+## [[5.4.2]](https://github.com/rails/webpacker/compare/v5.4.0...v5.4.1) - 2021-08-20
+
+- Fix babel warning about private-methods in @babel/plugin-proposal-private-property-in-object as well.
+
+## [[5.4.1]](https://github.com/rails/webpacker/compare/v5.4.0...v5.4.1) - 2021-08-20
 
 - Update all dependencies within the same major version (#3120)
 
diff --git a/lib/webpacker/version.rb b/lib/webpacker/version.rb
index e2ed57d7d..9e70a9d87 100644
--- a/lib/webpacker/version.rb
+++ b/lib/webpacker/version.rb
@@ -1,4 +1,4 @@
 module Webpacker
   # Change the version in package.json too, please!
-  VERSION = "5.4.1".freeze
+  VERSION = "5.4.2".freeze
 end
diff --git a/package.json b/package.json
index 35911a9e3..d1a3c656a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@rails/webpacker",
-  "version": "5.4.1",
+  "version": "5.4.2",
   "description": "Use webpack to manage app-like JavaScript modules in Rails",
   "main": "package/index.js",
   "files": [