diff --git a/CHANGELOG.md b/CHANGELOG.md
index f4927768..e252c83a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,15 @@
 # Changelog
 
+## 0.1.16
+
+### Bug Fixes
+
+- **Rate limit detection**: Fixed parsing of the `error` field in `AssistantMessage`, enabling applications to detect and handle API errors like rate limits. Previously, the `error` field was defined but never populated from CLI responses (#405)
+
+### Internal/Other Changes
+
+- Updated bundled Claude CLI to version 2.0.68
+
 ## 0.1.15
 
 ### New Features
diff --git a/pyproject.toml b/pyproject.toml
index 10b0bad9..84f61725 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "claude-agent-sdk"
-version = "0.1.15"
+version = "0.1.16"
 description = "Python SDK for Claude Code"
 readme = "README.md"
 requires-python = ">=3.10"
diff --git a/src/claude_agent_sdk/_version.py b/src/claude_agent_sdk/_version.py
index d9b37abe..4fd71faf 100644
--- a/src/claude_agent_sdk/_version.py
+++ b/src/claude_agent_sdk/_version.py
@@ -1,3 +1,3 @@
 """Version information for claude-agent-sdk."""
 
-__version__ = "0.1.15"
+__version__ = "0.1.16"