diff --git a/package.json b/package.json
index bfd47ca8..fbf990c9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carbon-components-svelte",
-  "version": "0.4.2",
+  "version": "0.5.0",
   "license": "Apache-2.0",
   "description": "Svelte implementation of the Carbon Design System",
   "svelte": "src/index.js",