diff --git a/.changeset/new-impalas-attack.md b/.changeset/new-impalas-attack.md
new file mode 100644
index 00000000000..b82ce610d9b
--- /dev/null
+++ b/.changeset/new-impalas-attack.md
@@ -0,0 +1,7 @@
+---
+'@primer/react': minor
+---
+
+Update dependency ranges to use caret ranges instead of pinned versions
+
+<!-- Changed components: _none_ -->
diff --git a/contributor-docs/versioning.md b/contributor-docs/versioning.md
index 4d1d93aaeb7..e192bca7073 100644
--- a/contributor-docs/versioning.md
+++ b/contributor-docs/versioning.md
@@ -39,16 +39,21 @@ For a full list of releases, visit our [releases](https://github.com/primer/reac
 
 ## Changes
 
-| Category  | Type of change                                                      | semver bump |
-| :-------- | :------------------------------------------------------------------ | :---------- |
-| Component | A component is added                                                | `minor`     |
-|           | A component is deprecated                                           | `minor`     |
-|           | A component is removed                                              | `major`     |
-| Props     | A prop is added                                                     | `minor`     |
-|           | [The type of a prop is broadened](#the-type-of-a-prop-is-broadened) | `minor`     |
-|           | [The type of a prop is narrowed](#the-type-of-a-prop-is-narrowed)   | `major`     |
-|           | A prop is deprecated                                                | `minor`     |
-|           | A prop is removed                                                   | `major`     |
+| Category  | Type of change                                                               | semver bump |
+| :-------- | :--------------------------------------------------------------------------- | :---------- |
+| Component | A component is added                                                         | `minor`     |
+|           | A component is deprecated                                                    | `minor`     |
+|           | A component is removed                                                       | `major`     |
+| Props     | A prop is added                                                              | `minor`     |
+|           | [The type of a prop is broadened](#the-type-of-a-prop-is-broadened)          | `minor`     |
+|           | [The type of a prop is narrowed](#the-type-of-a-prop-is-narrowed)            | `major`     |
+|           | A prop is deprecated                                                         | `minor`     |
+|           | A prop is removed                                                            | `major`     |
+| Package   | A dependency is added                                                        | `minor`     |
+|           | A dependency is removed and it does not affect the public API of the package | `minor`     |
+|           | A dependency is removed and it does affect the public API of the package     | `major`     |
+|           | The version of a dependency is increased to a newer minor or patch version   | `minor`     |
+|           | The version of a dependency is increased to a newer major version            | `major`     |
 
 ## Reference
 
diff --git a/package-lock.json b/package-lock.json
index 1c3b1f489d4..d8584a78011 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -13,10 +13,10 @@
         "@github/markdown-toolbar-element": "^2.1.0",
         "@github/paste-markdown": "^1.4.0",
         "@github/relative-time-element": "^4.1.2",
-        "@lit-labs/react": "1.1.1",
-        "@primer/behaviors": "1.3.4",
+        "@lit-labs/react": "^1.1.1",
+        "@primer/behaviors": "^1.3.4",
         "@primer/octicons-react": "^19.3.0",
-        "@primer/primitives": "7.11.11",
+        "@primer/primitives": "^7.11.11",
         "@react-aria/ssr": "^3.1.0",
         "@styled-system/css": "^5.1.5",
         "@styled-system/props": "^5.1.5",
@@ -30,11 +30,11 @@
         "color2k": "^2.0.0",
         "deepmerge": "^4.2.2",
         "focus-visible": "^5.2.0",
-        "fzy.js": "0.4.1",
+        "fzy.js": "^0.4.1",
         "history": "^5.0.0",
-        "lodash.isempty": "4.4.0",
-        "lodash.isobject": "3.0.2",
-        "react-intersection-observer": "9.4.3",
+        "lodash.isempty": "^4.4.0",
+        "lodash.isobject": "^3.0.2",
+        "react-intersection-observer": "^9.4.3",
         "react-is": "^18.2.0",
         "styled-system": "^5.1.5"
       },
diff --git a/package.json b/package.json
index 04f988415c7..b175f95fe9e 100644
--- a/package.json
+++ b/package.json
@@ -98,10 +98,10 @@
     "@github/markdown-toolbar-element": "^2.1.0",
     "@github/paste-markdown": "^1.4.0",
     "@github/relative-time-element": "^4.1.2",
-    "@lit-labs/react": "1.1.1",
-    "@primer/behaviors": "1.3.4",
+    "@lit-labs/react": "^1.1.1",
+    "@primer/behaviors": "^1.3.4",
     "@primer/octicons-react": "^19.3.0",
-    "@primer/primitives": "7.11.11",
+    "@primer/primitives": "^7.11.11",
     "@react-aria/ssr": "^3.1.0",
     "@styled-system/css": "^5.1.5",
     "@styled-system/props": "^5.1.5",
@@ -115,11 +115,11 @@
     "color2k": "^2.0.0",
     "deepmerge": "^4.2.2",
     "focus-visible": "^5.2.0",
-    "fzy.js": "0.4.1",
+    "fzy.js": "^0.4.1",
     "history": "^5.0.0",
-    "lodash.isempty": "4.4.0",
-    "lodash.isobject": "3.0.2",
-    "react-intersection-observer": "9.4.3",
+    "lodash.isempty": "^4.4.0",
+    "lodash.isobject": "^3.0.2",
+    "react-intersection-observer": "^9.4.3",
     "react-is": "^18.2.0",
     "styled-system": "^5.1.5"
   },