diff --git a/cost-analyzer/values.yaml b/cost-analyzer/values.yaml
index e4170bc40..7f60749cc 100644
--- a/cost-analyzer/values.yaml
+++ b/cost-analyzer/values.yaml
@@ -2735,7 +2735,7 @@ clusterController:
   enabled: false
   image:
     repository: gcr.io/kubecost1/cluster-controller
-    tag: v0.16.3
+    tag: v0.16.4
   imagePullPolicy: IfNotPresent
   ## PriorityClassName
   ## Ref: https://kubernetes.io/docs/concepts/configuration/pod-priority-preemption/#priorityclass