diff --git a/nixtla/__init__.py b/nixtla/__init__.py
index 19893260..f884672b 100644
--- a/nixtla/__init__.py
+++ b/nixtla/__init__.py
@@ -1,3 +1,3 @@
-__version__ = "0.4.0"
+__version__ = "0.5.0"
 
 from .nixtla_client import NixtlaClient, TimeGPT
diff --git a/settings.ini b/settings.ini
index cfc01762..7c468c50 100644
--- a/settings.ini
+++ b/settings.ini
@@ -8,7 +8,7 @@ author = Nixtla
 author_email = business@nixtla.io
 copyright = Nixtla Inc.
 branch = main
-version = 0.4.0
+version = 0.5.0
 min_python = 3.8
 audience = Developers
 language = English
diff --git a/setup.py b/setup.py
index 2580700d..6008a674 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
     "pre-commit",
     "python-dotenv",
     "statsforecast",
-    "hierarchicalforecast"
+    "hierarchicalforecast",
 ]
 distributed = ["dask[dataframe]", "fugue[ray]>=0.8.7", "pyspark", "ray[serve-grpc]"]
 plotting = ["utilsforecast[plotting]>=0.1.7"]
@@ -19,7 +19,7 @@
 
 setuptools.setup(
     name="nixtla",
-    version="0.4.0",
+    version="0.5.0",
     description="Python SDK for Nixtla API (TimeGPT)",
     long_description=long_description,
     long_description_content_type="text/markdown",