diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 449ac20d..967ffcc2 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1 +1 @@
-{".":"0.7.3"}
\ No newline at end of file
+{".":"0.7.4"}
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index bb1297ac..2f734242 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [0.7.4](https://github.com/open-feature/python-sdk/compare/v0.7.3...v0.7.4) (2024-11-25)
+
+
+### 🧹 Chore
+
+* **deps:** update pre-commit hook astral-sh/ruff-pre-commit to v0.8.0 ([#395](https://github.com/open-feature/python-sdk/issues/395)) ([cd737a9](https://github.com/open-feature/python-sdk/commit/cd737a9a6aeb6ff64050f759749aab96e73a8c34))
+
 ## [0.7.3](https://github.com/open-feature/python-sdk/compare/v0.7.2...v0.7.3) (2024-11-24)
 
 
diff --git a/README.md b/README.md
index 689706a9..8c078fab 100644
--- a/README.md
+++ b/README.md
@@ -19,8 +19,8 @@
 
   <!-- x-release-please-start-version -->
 
-  <a href="https://github.com/open-feature/python-sdk/releases/tag/v0.7.3">
-    <img alt="Latest version" src="https://img.shields.io/static/v1?label=release&message=v0.7.3&color=blue&style=for-the-badge" />
+  <a href="https://github.com/open-feature/python-sdk/releases/tag/v0.7.4">
+    <img alt="Latest version" src="https://img.shields.io/static/v1?label=release&message=v0.7.4&color=blue&style=for-the-badge" />
   </a>
 
   <!-- x-release-please-end -->
@@ -60,13 +60,13 @@
 #### Pip install
 
 ```bash
-pip install openfeature-sdk==0.7.3
+pip install openfeature-sdk==0.7.4
 ```
 
 #### requirements.txt
 
 ```bash
-openfeature-sdk==0.7.3
+openfeature-sdk==0.7.4
 ```
 
 ```python
diff --git a/openfeature/version.py b/openfeature/version.py
index 4910b9ec..ed9d4d87 100644
--- a/openfeature/version.py
+++ b/openfeature/version.py
@@ -1 +1 @@
-__version__ = "0.7.3"
+__version__ = "0.7.4"
diff --git a/pyproject.toml b/pyproject.toml
index 49b667f7..394947a7 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -5,7 +5,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "openfeature_sdk"
-version = "0.7.3"
+version = "0.7.4"
 description = "Standardizing Feature Flagging for Everyone"
 readme = "README.md"
 authors = [{ name = "OpenFeature", email = "openfeature-core@groups.io" }]