diff --git a/SPECS/rust-toolset.spec b/SPECS/rust-toolset.spec
index 8ade4e3..f4d712f 100644
--- a/SPECS/rust-toolset.spec
+++ b/SPECS/rust-toolset.spec
@@ -1,6 +1,6 @@
 Summary:        Package that installs rust-toolset
 Name:           rust-toolset
-Version:        1.53.0
+Version:        1.54.0
 Release:        1%{?dist}
 License:        ASL 2.0 or MIT
 
@@ -21,6 +21,9 @@ This is the main package for rust-toolset.
 %{rpmmacrodir}/macros.%{name}
 
 %changelog
+* Mon Aug 02 2021 Josh Stone <jistone@redhat.com> - 1.54.0-1
+- Update to Rust and Cargo 1.54.0.
+
 * Mon Jun 21 2021 Josh Stone <jistone@redhat.com> - 1.53.0-1
 - Update to Rust and Cargo 1.53.0.