diff --git a/config.json b/config.json
index 91114bc4eb..13122aec1f 100644
--- a/config.json
+++ b/config.json
@@ -1,6 +1,6 @@
 {
   "name": "Cornerstone",
-  "version": "5.4.0",
+  "version": "5.5.0-rc.1",
   "template_engine": "handlebars_v4",
   "meta": {
     "price": 0,
diff --git a/package.json b/package.json
index 9a98ed8724..050b7fa047 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "bigcommerce-cornerstone",
   "description": "The BigCommerce reference theme for the Stencil platform",
-  "version": "5.4.0",
+  "version": "5.5.0-rc.1",
   "private": true,
   "author": "BigCommerce",
   "license": "MIT",