diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8823953d5..66b83e9e1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,10 @@
 # Change Log
 <!-- usage documentation: http://expeditor-docs.es.chef.io/configuration/changelog/ -->
-<!-- latest_release 5.0.4 -->
-## [v5.0.4](https://github.com/inspec/inspec/tree/v5.0.4) (2022-02-21)
+<!-- latest_release 5.0.5 -->
+## [v5.0.5](https://github.com/inspec/inspec/tree/v5.0.5) (2022-02-21)
 
 #### Merged Pull Requests
-- Always expire the git cache when running omnibus jobs [#5865](https://github.com/inspec/inspec/pull/5865) ([clintoncwolfe](https://github.com/clintoncwolfe))
+- CFINSPEC-45: Update rspec version to 3.11 [#5837](https://github.com/inspec/inspec/pull/5837) ([Vasu1105](https://github.com/Vasu1105))
 <!-- latest_release -->
 
 <!-- release_rollup since=4.52.9 -->
@@ -17,6 +17,7 @@
 - Added Timezone Resource [#5758](https://github.com/inspec/inspec/pull/5758) ([Nik08](https://github.com/Nik08)) <!-- 4.53.0 -->
 
 #### Merged Pull Requests
+- CFINSPEC-45: Update rspec version to 3.11 [#5837](https://github.com/inspec/inspec/pull/5837) ([Vasu1105](https://github.com/Vasu1105)) <!-- 5.0.5 -->
 - Always expire the git cache when running omnibus jobs [#5865](https://github.com/inspec/inspec/pull/5865) ([clintoncwolfe](https://github.com/clintoncwolfe)) <!-- 5.0.4 -->
 - CFINSPEC-38: Fix test failing after release branch update. [#5862](https://github.com/inspec/inspec/pull/5862) ([Vasu1105](https://github.com/Vasu1105)) <!-- 5.0.3 -->
 - Make sure verify pipeline is marked public [#5858](https://github.com/inspec/inspec/pull/5858) ([clintoncwolfe](https://github.com/clintoncwolfe)) <!-- 5.0.2 -->
diff --git a/VERSION b/VERSION
index 553fe87a0..25b08bbc7 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-5.0.4
\ No newline at end of file
+5.0.5
\ No newline at end of file
diff --git a/inspec-bin/lib/inspec-bin/version.rb b/inspec-bin/lib/inspec-bin/version.rb
index 889e71fcb..ad2da624c 100644
--- a/inspec-bin/lib/inspec-bin/version.rb
+++ b/inspec-bin/lib/inspec-bin/version.rb
@@ -1,5 +1,5 @@
 # This file managed by automation - do not edit manually
 module InspecBin
   INSPECBIN_ROOT = File.expand_path("..", __dir__)
-  VERSION = "5.0.4".freeze
+  VERSION = "5.0.5".freeze
 end
diff --git a/lib/inspec/version.rb b/lib/inspec/version.rb
index 07054fd4d..6aeab33fe 100644
--- a/lib/inspec/version.rb
+++ b/lib/inspec/version.rb
@@ -1,3 +1,3 @@
 module Inspec
-  VERSION = "5.0.4".freeze
+  VERSION = "5.0.5".freeze
 end