diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 543cdb6c..fbf1bfd0 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -2,6 +2,8 @@ Changelog
 =========
 
 
+0.7.4 (2019-03-07)
+------------------
 - Add sampler option `algorithm` for bolfi-posterior-sampling
 - Add a check whether the option given for `algorithm` is one if the implemented samplers
 - Add metropolis sampler `algorithm=metropolis` for bolfi-posterior-sampling
diff --git a/README.md b/README.md
index 28ded669..33919121 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-**Version 0.7.3 released!** See the CHANGELOG and [notebooks](https://github.com/elfi-dev/notebooks).
+**Version 0.7.4 released!** See the CHANGELOG and [notebooks](https://github.com/elfi-dev/notebooks).
 
 **NOTE:** For the time being NetworkX 2 is incompatible with ELFI.
 
diff --git a/elfi/__init__.py b/elfi/__init__.py
index 745d5784..53ce03c9 100644
--- a/elfi/__init__.py
+++ b/elfi/__init__.py
@@ -26,4 +26,4 @@
 __email__ = 'elfi-support@hiit.fi'
 
 # make sure __version_ is on the last non-empty line (read by setup.py)
-__version__ = '0.7.3'
+__version__ = '0.7.4'