diff --git a/CHANGELOG.md b/CHANGELOG.md
index df5e6237..4840a045 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Changelog
 
-## Version 5.4.1.9000
+## Version 5.5.0
 * Added a standalone function to extract centroids for partition around medoids: `pam_cent`.
 * Fixed the calculation of GAK for non-`NULL` windows.
 * "Fixed" the calculation of internal CVIs for clusterings done with TADPole.
diff --git a/DESCRIPTION b/DESCRIPTION
index d4b4203f..f36198f7 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -2,8 +2,8 @@ Package: dtwclust
 Type: Package
 Title: Time Series Clustering Along with Optimizations for the Dynamic Time
     Warping Distance
-Version: 5.4.1.9000
-Date: 2018-06-27
+Version: 5.5.0
+Date: 2018-07-21
 Depends:
     R (>= 3.2.0),
     methods,
diff --git a/cran-comments.md b/cran-comments.md
index 691bbd51..08331e4c 100644
--- a/cran-comments.md
+++ b/cran-comments.md
@@ -1,5 +1,6 @@
 
-## Update to version 5.4.1
+## Update to version 5.5.0
+Bug fixes and vignette updates.
 
 ## Test environments
 * Local GNU/Linux, R release
diff --git a/inst/NEWS.Rd b/inst/NEWS.Rd
index 1dcea7ea..82d0dd40 100644
--- a/inst/NEWS.Rd
+++ b/inst/NEWS.Rd
@@ -7,7 +7,7 @@
     Full changelog available at \url{https://github.com/asardaes/dtwclust/blob/master/CHANGELOG.md}
 }
 
-\section{Changes in version 5.4.1.9000}{
+\section{Changes in version 5.5.0}{
 \itemize{
     \item Added a standalone function to extract centroids for partition around medoids: \code{pam_cent}.
     \item Fixed the calculation of GAK for non-\code{NULL} windows.
diff --git a/vignettes/dtwclust.Rnw b/vignettes/dtwclust.Rnw
index 5fb47823..924c936c 100644
--- a/vignettes/dtwclust.Rnw
+++ b/vignettes/dtwclust.Rnw
@@ -123,7 +123,7 @@ showcasing how it can be used to evaluate many different time-series clustering
 \section{Introduction}
 \label{sec:introduction}
 
-\blankfootnote{This manuscript was last updated in version 5.4.1.9000 of \dtwclust{}.}
+\blankfootnote{This manuscript was last updated in version 5.5.0 of \dtwclust{}.}
 Cluster analysis is a task which concerns itself with the creation of groups of objects,
 where each group is called a cluster.
 Ideally, all members of the same cluster are similar to each other,
diff --git a/vignettes/timing-experiments.Rmd b/vignettes/timing-experiments.Rmd
index dded8f18..4912951e 100644
--- a/vignettes/timing-experiments.Rmd
+++ b/vignettes/timing-experiments.Rmd
@@ -127,7 +127,7 @@ a series of timing experiments were made.
 Said experiments were not concerned with correctness or accuracy,
 only with timing characteristics.
 
-The experiments were re-run with `R` v3.5.0 and `dtwclust` v5.4.1.9000.
+The experiments were re-run with `R` v3.5.0 and `dtwclust` v5.5.0.
 Because of the changes introduced
 (see [the parallelization vignette](parallelization-considerations.html)),
 the results have changed in comparison to the original ones