diff --git a/CHANGELOG.md b/CHANGELOG.md
index a803ba3f..3c74256b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,11 @@ All enhancements and patches to Cookiecutter Django will be documented in this f
 
 <!-- GENERATOR_PLACEHOLDER -->
 
+## 2022.05.18
+
+### Updated
+- Update pillow to 9.1.1 ([#3714](https://github.com/cookiecutter/cookiecutter-django/pull/3714))
+
 ## 2022.05.16
 
 ### Changed
diff --git a/setup.py b/setup.py
index 34f44140..96982210 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@ except ImportError:
     from distutils.core import setup
 
 # We use calendar versioning
-version = "2022.05.16"
+version = "2022.05.18"
 
 with open("README.rst") as readme_file:
     long_description = readme_file.read()