diff --git a/CHANGELOG.md b/CHANGELOG.md
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+0.5.4 (12/02/2022)
+==================
+* Update package dependency constraints
+    * base >= 4.12 && < 4.17
+
 0.5.3 (26/09/2021)
 ==================
 * Update package dependency constraints
diff --git a/serialport.cabal b/serialport.cabal
--- a/serialport.cabal
+++ b/serialport.cabal
@@ -1,11 +1,11 @@
 Name:           serialport
-Version:        0.5.3
+Version:        0.5.4
 Cabal-Version:  >= 1.10
 Build-Type:     Simple
 license:        BSD3
 license-file:   LICENSE
 copyright:      (c) 2009-2011 Joris Putcuyps,
-                (c) 2020-2021 David Cox
+                (c) 2020-2022 David Cox
 author:         Joris Putcuyps, David Cox
 maintainer:     David Cox <standard.semiconductor@gmail.com>
 homepage:       https://github.com/standardsemiconductor/serialport
@@ -24,7 +24,7 @@
 Library
   Exposed-Modules:    System.Hardware.Serialport
   Other-Modules:      System.Hardware.Serialport.Types
-  Build-Depends:      base       >= 4.12 && < 4.16, 
+  Build-Depends:      base       >= 4.12 && < 4.17, 
                       bytestring >= 0.11 && < 0.12
   ghc-options:        -Wall -fno-warn-orphans
   default-language: Haskell2010