diff --git a/production/helm/loki/CHANGELOG.md b/production/helm/loki/CHANGELOG.md
index df7f0cfadf75a..9495ed16535db 100644
--- a/production/helm/loki/CHANGELOG.md
+++ b/production/helm/loki/CHANGELOG.md
@@ -13,6 +13,10 @@ Entries should include a reference to the pull request that introduced the chang
 
 [//]: # (<AUTOMATED_UPDATES_LOCATOR> : do not remove this line. This locator is used by the CI pipeline to automatically create a changelog entry for each new Loki release. Add other chart versions and respective changelog entries bellow this line.)
 
+## 5.34.0
+
+- [BUGFIX] Fix missing annotations when using Loki in single binary mode.
+
 ## 5.33.0
 
 - [CHANGE] Changed version of Grafana Enterprise Logs to v1.8.4
diff --git a/production/helm/loki/Chart.yaml b/production/helm/loki/Chart.yaml
index 7259904b23e05..6f4a671f933be 100644
--- a/production/helm/loki/Chart.yaml
+++ b/production/helm/loki/Chart.yaml
@@ -3,7 +3,7 @@ name: loki
 description: Helm chart for Grafana Loki in simple, scalable mode
 type: application
 appVersion: 2.9.2
-version: 5.33.0
+version: 5.34.0
 home: https://grafana.github.io/helm-charts
 sources:
   - https://github.com/grafana/loki
diff --git a/production/helm/loki/README.md b/production/helm/loki/README.md
index 631792a078fe5..5c5d6391744ea 100644
--- a/production/helm/loki/README.md
+++ b/production/helm/loki/README.md
@@ -1,6 +1,6 @@
 # loki
 
-![Version: 5.33.0](https://img.shields.io/badge/Version-5.33.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 2.9.2](https://img.shields.io/badge/AppVersion-2.9.2-informational?style=flat-square)
+![Version: 5.34.0](https://img.shields.io/badge/Version-5.34.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 2.9.2](https://img.shields.io/badge/AppVersion-2.9.2-informational?style=flat-square)
 
 Helm chart for Grafana Loki in simple, scalable mode
 
diff --git a/production/helm/loki/templates/single-binary/statefulset.yaml b/production/helm/loki/templates/single-binary/statefulset.yaml
index d19689e399b07..b74cc60500d6a 100644
--- a/production/helm/loki/templates/single-binary/statefulset.yaml
+++ b/production/helm/loki/templates/single-binary/statefulset.yaml
@@ -9,7 +9,7 @@ metadata:
   labels:
     {{- include "loki.singleBinaryLabels" . | nindent 4 }}
     app.kubernetes.io/part-of: memberlist
-  {{- if or (not (empty .Values.loki.annotations)) (not (empty .Values.backend.annotations))}}
+  {{- if or (not (empty .Values.loki.annotations)) (not (empty .Values.singleBinary.annotations))}}
   annotations:
     {{- with .Values.loki.annotations }}
     {{- toYaml . | nindent 4 }}