diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6d156ec..d72fcf9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ### Versions
 
+## 3.7.5
+###### *Jan 3, 2021*
+
+- utilities (monaco): fix `state-local` import
+
 ## 3.7.4
 ###### *Dec 16, 2020*
 
diff --git a/package.json b/package.json
index ee0f8bc..2098c21 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@monaco-editor/react",
-  "version": "3.7.4",
+  "version": "3.7.5",
   "description": "Monaco editor wrapper for easy/one-line integration with React applications (e.g. powered by create-react-app) without need of webpack configuration files",
   "author": "Suren Atoyan <contact@surenatoyan.com>",
   "main": "lib/index.js",