diff --git a/composer.json b/composer.json
index 9558fad..45281ac 100644
--- a/composer.json
+++ b/composer.json
@@ -19,7 +19,7 @@
         "brick/varexporter": "~0.3.0",
         "php-coveralls/php-coveralls": "^2.2",
         "phpunit/phpunit": "^10.1",
-        "vimeo/psalm": "5.14.1"
+        "vimeo/psalm": "5.16.0"
     },
     "suggest": {
         "ext-intl": "Required to format Money objects"