diff --git a/esphome/__main__.py b/esphome/__main__.py
index 85f7106e3f..11a363691f 100644
--- a/esphome/__main__.py
+++ b/esphome/__main__.py
@@ -932,7 +932,7 @@ def run_esphome(argv):
             _LOGGER.error(e, exc_info=args.verbose)
             return 1
 
-    safe_print(f"ESPHome {const.__version__}")
+    _LOGGER.info("ESPHome %s", const.__version__)
 
     for conf_path in args.configuration:
         if any(os.path.basename(conf_path) == x for x in SECRETS_FILES):
diff --git a/esphome/const.py b/esphome/const.py
index 0fe9ce18a4..fce8ab9f1c 100644
--- a/esphome/const.py
+++ b/esphome/const.py
@@ -1,6 +1,6 @@
 """Constants used by esphome."""
 
-__version__ = "2023.5.4"
+__version__ = "2023.5.5"
 
 ALLOWED_NAME_CHARS = "abcdefghijklmnopqrstuvwxyz0123456789-_"