diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 967ffcc2..ca445a1c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1 +1 @@
-{".":"0.7.4"}
\ No newline at end of file
+{".":"0.7.5"}
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2f734242..a82cb5ca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [0.7.5](https://github.com/open-feature/python-sdk/compare/v0.7.4...v0.7.5) (2025-01-08)
+
+
+### 🧹 Chore
+
+* **config:** migrate config renovate.json ([26bc964](https://github.com/open-feature/python-sdk/commit/26bc9642270f9371170ce8ab2d9b938a0fca187e))
+* **config:** migrate renovate config ([#408](https://github.com/open-feature/python-sdk/issues/408)) ([26bc964](https://github.com/open-feature/python-sdk/commit/26bc9642270f9371170ce8ab2d9b938a0fca187e))
+* **deps:** update codecov/codecov-action action to v5.1.0 ([#401](https://github.com/open-feature/python-sdk/issues/401)) ([0459330](https://github.com/open-feature/python-sdk/commit/0459330cb91e9b28a15bdd380aec4c56c3b5d8df))
+* **deps:** update codecov/codecov-action action to v5.1.1 ([#402](https://github.com/open-feature/python-sdk/issues/402)) ([a6907d6](https://github.com/open-feature/python-sdk/commit/a6907d610e6dde1eecef56f25f3cc6a569b6eee4))
+* **deps:** update codecov/codecov-action action to v5.1.2 ([#405](https://github.com/open-feature/python-sdk/issues/405)) ([1c56480](https://github.com/open-feature/python-sdk/commit/1c564804afad474151489d695af7fa0409a768c6))
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.1 ([#398](https://github.com/open-feature/python-sdk/issues/398)) ([043385a](https://github.com/open-feature/python-sdk/commit/043385a8369e253a5e0ad1e184e980f8e8d7e5c7))
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.2 ([#400](https://github.com/open-feature/python-sdk/issues/400)) ([2b6e210](https://github.com/open-feature/python-sdk/commit/2b6e210bc9dda72335e646fc60cde79b5bdd76c1))
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.3 ([#404](https://github.com/open-feature/python-sdk/issues/404)) ([01ec388](https://github.com/open-feature/python-sdk/commit/01ec388d2d93fc87a4f2eca856cf507cbee35785))
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.4 ([#406](https://github.com/open-feature/python-sdk/issues/406)) ([3296d3b](https://github.com/open-feature/python-sdk/commit/3296d3b229d41c7f879adfb7ab36e19de36617e4))
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.6 ([#410](https://github.com/open-feature/python-sdk/issues/410)) ([7f9d422](https://github.com/open-feature/python-sdk/commit/7f9d422497a6d8392eee18ccfd12050eef7a2338))
+* **deps:** update pre-commit hook pre-commit/mirrors-mypy to v1.14.0 ([#407](https://github.com/open-feature/python-sdk/issues/407)) ([89d6997](https://github.com/open-feature/python-sdk/commit/89d6997b1fe04df82e0873de7e7a1ea1aca2b071))
+* **deps:** update pre-commit hook pre-commit/mirrors-mypy to v1.14.1 ([#409](https://github.com/open-feature/python-sdk/issues/409)) ([2c1840c](https://github.com/open-feature/python-sdk/commit/2c1840c87d00177d87b93135a38a7df98a9f6c0b))
+
 ## [0.7.4](https://github.com/open-feature/python-sdk/compare/v0.7.3...v0.7.4) (2024-11-25)
 
 
diff --git a/README.md b/README.md
index 8c078fab..5cc194d1 100644
--- a/README.md
+++ b/README.md
@@ -19,8 +19,8 @@
 
   <!-- x-release-please-start-version -->
 
-  <a href="https://github.com/open-feature/python-sdk/releases/tag/v0.7.4">
-    <img alt="Latest version" src="https://img.shields.io/static/v1?label=release&message=v0.7.4&color=blue&style=for-the-badge" />
+  <a href="https://github.com/open-feature/python-sdk/releases/tag/v0.7.5">
+    <img alt="Latest version" src="https://img.shields.io/static/v1?label=release&message=v0.7.5&color=blue&style=for-the-badge" />
   </a>
 
   <!-- x-release-please-end -->
@@ -60,13 +60,13 @@
 #### Pip install
 
 ```bash
-pip install openfeature-sdk==0.7.4
+pip install openfeature-sdk==0.7.5
 ```
 
 #### requirements.txt
 
 ```bash
-openfeature-sdk==0.7.4
+openfeature-sdk==0.7.5
 ```
 
 ```python
diff --git a/openfeature/version.py b/openfeature/version.py
index ed9d4d87..ab55bb1a 100644
--- a/openfeature/version.py
+++ b/openfeature/version.py
@@ -1 +1 @@
-__version__ = "0.7.4"
+__version__ = "0.7.5"
diff --git a/pyproject.toml b/pyproject.toml
index 394947a7..e2b79c12 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "openfeature_sdk"
-version = "0.7.4"
+version = "0.7.5"
 description = "Standardizing Feature Flagging for Everyone"
 readme = "README.md"
 authors = [{ name = "OpenFeature", email = "openfeature-core@groups.io" }]