diff --git a/CHANGELOG.md b/CHANGELOG.md
index c07e5b578..1f014264f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 2.54.2 / 2024-09-02
+
+* [BUGFIX] Scraping: Fixed significant performance regression in OM Text parsing related to Created Timestamp parsing; that logic has been moved behind an experimental `created-timestamp-zero-ingestion` flag as it should be. #14809
+
 ## 2.54.1 / 2024-08-27
 
 * [BUGFIX] Scraping: allow multiple samples on same series, with explicit timestamps. #14685
diff --git a/VERSION b/VERSION
index 3a40665f5..0bbf1fe5a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.54.1
+2.54.2