diff --git a/CHANGELOG.md b/CHANGELOG.md
index f57ecc4a8..a884c0cc6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Svelte changelog
 
-## Unreleased
+## 3.48.0
 
 * Allow creating cancelable custom events with `createEventDispatcher` ([#4623](https://github.com/sveltejs/svelte/issues/4623))
 * Support `{@const}` tag in `{#if}` blocks [#7241](https://github.com/sveltejs/svelte/issues/7241)
diff --git a/package-lock.json b/package-lock.json
index f1545cbf6..3c5e9577b 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "svelte",
-  "version": "3.47.0",
+  "version": "3.48.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "svelte",
-      "version": "3.47.0",
+      "version": "3.48.0",
       "license": "MIT",
       "devDependencies": {
         "@ampproject/remapping": "^0.3.0",
diff --git a/package.json b/package.json
index 2237ef40f..f6672b59a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "svelte",
-  "version": "3.47.0",
+  "version": "3.48.0",
   "description": "Cybernetically enhanced web apps",
   "module": "index.mjs",
   "main": "index",