diff --git a/CHANGELOG.md b/CHANGELOG.md
index 916fb0c9..ea3c78c8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,23 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 <!-- ## Unreleased -->
 
+## [0.49.0](https://github.com/carbon-design-system/carbon-components-svelte/releases/tag/v0.49.0) - 2021-11-12
+
+**Features**
+
+- support `UIShell` HeaderNavMenu with current item
+- make `InlineNotification` title, subtitle props slottable
+- make `ToastNotification` title, subtitle, and caption props slottable
+
+**Refactor**
+
+- remove unnecessary "position: relative" style in `ExpandableTile`
+- remove unused `refContent` in `ExpandableTile`
+
+**Housekeeping**
+
+- upgrade `carbon-components` to v10.48.0
+
 ## [0.48.1](https://github.com/carbon-design-system/carbon-components-svelte/releases/tag/v0.48.1) - 2021-11-12
 
 **Fixes**
diff --git a/COMPONENT_INDEX.md b/COMPONENT_INDEX.md
index 415e6013..57771572 100644
--- a/COMPONENT_INDEX.md
+++ b/COMPONENT_INDEX.md
@@ -1,6 +1,6 @@
 # Component Index
 
-> 172 components exported from carbon-components-svelte@0.48.1.
+> 172 components exported from carbon-components-svelte@0.49.0.
 
 ## Components
 
diff --git a/package.json b/package.json
index 9b9c587d..49db9d39 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "carbon-components-svelte",
-  "version": "0.48.1",
+  "version": "0.49.0",
   "license": "Apache-2.0",
   "description": "Svelte implementation of the Carbon Design System",
   "svelte": "./src/index.js",
diff --git a/preprocess/api.json b/preprocess/api.json
index 95de3225..81095575 100644
--- a/preprocess/api.json
+++ b/preprocess/api.json
@@ -1,5 +1,5 @@
 {
-  "version": "0.48.1",
+  "version": "0.49.0",
   "components": {
     "Accordion": {
       "path": "carbon-components-svelte/src/Accordion/Accordion.svelte"