diff --git a/argocd-init.yml b/argocd-init.yml
index 1ce58a8..fe8d984 100644
--- a/argocd-init.yml
+++ b/argocd-init.yml
@@ -13,7 +13,7 @@ spec:
   # do not change order! (needed for renovate)
   repo: https://argoproj.github.io/argo-helm
   chart: argo-cd
-  version: 5.53.8
+  version: 5.54.0
   targetNamespace: argocd
   valuesContent: |-
     applicationSet: