diff --git a/.github/workflows/yarn-upgrade.yml b/.github/workflows/yarn-upgrade.yml
index d842b1083d4bd..d7c8dc3b3ac8c 100644
--- a/.github/workflows/yarn-upgrade.yml
+++ b/.github/workflows/yarn-upgrade.yml
@@ -65,7 +65,7 @@ jobs:
           lerna exec --parallel ncu -- --upgrade --reject='@types/node,@types/prettier,@types/fs-extra,constructs,typescript,aws-sdk,aws-sdk-mock,${{ steps.list-packages.outputs.list }}'  --target=minor
           # Upgrade package.jsons in init templates
           for pj in $(find packages/aws-cdk/lib/init-templates -name package.json); do
-            (cd $(dirname $pj) && ncu --upgrade --reject='@types/node,@types/prettier,@types/fs-extra,constructs,typescript,aws-sdk,aws-sdk-mock,ts-jest,jest,${{ steps.list-packages.outputs.list }}')
+            (cd $(dirname $pj) && ncu --upgrade --reject='@types/babel__traverse,@types/node,@types/prettier,@types/fs-extra,constructs,typescript,aws-sdk,aws-sdk-mock,ts-jest,jest,${{ steps.list-packages.outputs.list }}')
           done
           # Upgrade dependencies at an aws-eks integ test docker image
           cd packages/@aws-cdk/aws-eks/test/sdk-call-integ-test-docker-app/app/ && ncu --upgrade --reject='@types/jest,@types/node,@types/prettier,@types/fs-extra,constructs,typescript,aws-sdk,aws-sdk-mock,ts-jest,jest,${{ steps.list-packages.outputs.list }}'
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 331cded980532..fd62a033ac5a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [1.181.1](https://github.com/aws/aws-cdk/compare/v1.181.0...v1.181.1) (2022-11-29)
+
+
+### Bug Fixes
+
+* **cli:** typescript init templates fail with error in build step ([#23130](https://github.com/aws/aws-cdk/issues/23130)) ([c04f158](https://github.com/aws/aws-cdk/commit/c04f1589ff8e22cf78281e6b18dc39c03010490b))
+
 ## [1.181.0](https://github.com/aws/aws-cdk/compare/v1.180.0...v1.181.0) (2022-11-18)
 
 
diff --git a/packages/aws-cdk/lib/init-templates/v1/app/typescript/package.json b/packages/aws-cdk/lib/init-templates/v1/app/typescript/package.json
index 4e4836dffc47e..13f1ae2142ab3 100644
--- a/packages/aws-cdk/lib/init-templates/v1/app/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v1/app/typescript/package.json
@@ -12,6 +12,7 @@
   },
   "devDependencies": {
     "@aws-cdk/assertions": "%cdk-version%",
+    "@types/babel__traverse": "7.18.2",
     "@types/prettier": "2.6.0",
     "@types/jest": "^27.5.0",
     "@types/node": "10.17.27",
diff --git a/packages/aws-cdk/lib/init-templates/v1/lib/typescript/package.json b/packages/aws-cdk/lib/init-templates/v1/lib/typescript/package.json
index 5ca10df588043..b41adc8718653 100644
--- a/packages/aws-cdk/lib/init-templates/v1/lib/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v1/lib/typescript/package.json
@@ -10,6 +10,7 @@
   },
   "devDependencies": {
     "@aws-cdk/assertions": "%cdk-version%",
+    "@types/babel__traverse": "7.18.2",
     "@types/jest": "^27.5.0",
     "@types/prettier": "2.6.0",
     "@types/node": "10.17.27",
diff --git a/packages/aws-cdk/lib/init-templates/v1/sample-app/typescript/package.json b/packages/aws-cdk/lib/init-templates/v1/sample-app/typescript/package.json
index 2aa6b9faccc87..b6909a51bda05 100644
--- a/packages/aws-cdk/lib/init-templates/v1/sample-app/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v1/sample-app/typescript/package.json
@@ -13,6 +13,7 @@
   "devDependencies": {
     "aws-cdk": "%cdk-version%",
     "@aws-cdk/assertions": "%cdk-version%",
+    "@types/babel__traverse": "7.18.2",
     "@types/jest": "^27.5.0",
     "@types/node": "10.17.27",
     "@types/prettier": "2.6.0",
diff --git a/packages/aws-cdk/lib/init-templates/v2/app/typescript/package.json b/packages/aws-cdk/lib/init-templates/v2/app/typescript/package.json
index dd37b938b9ea3..3fe8e6f670541 100644
--- a/packages/aws-cdk/lib/init-templates/v2/app/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v2/app/typescript/package.json
@@ -11,6 +11,7 @@
     "cdk": "cdk"
   },
   "devDependencies": {
+    "@types/babel__traverse": "7.18.2",
     "@types/jest": "^27.5.0",
     "@types/node": "10.17.27",
     "@types/prettier": "2.6.0",
diff --git a/packages/aws-cdk/lib/init-templates/v2/lib/typescript/package.json b/packages/aws-cdk/lib/init-templates/v2/lib/typescript/package.json
index d4b3a4a18fb18..11b099fe7914c 100644
--- a/packages/aws-cdk/lib/init-templates/v2/lib/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v2/lib/typescript/package.json
@@ -9,6 +9,7 @@
     "test": "jest"
   },
   "devDependencies": {
+    "@types/babel__traverse": "7.18.2",
     "@types/jest": "^27.5.0",
     "@types/node": "10.17.27",
     "@types/prettier": "2.6.0",
diff --git a/packages/aws-cdk/lib/init-templates/v2/sample-app/typescript/package.json b/packages/aws-cdk/lib/init-templates/v2/sample-app/typescript/package.json
index e6f17bccffade..b16cb65cb5888 100644
--- a/packages/aws-cdk/lib/init-templates/v2/sample-app/typescript/package.json
+++ b/packages/aws-cdk/lib/init-templates/v2/sample-app/typescript/package.json
@@ -11,6 +11,7 @@
     "cdk": "cdk"
   },
   "devDependencies": {
+    "@types/babel__traverse": "7.18.2",
     "aws-cdk": "%cdk-version%",
     "@types/jest": "^27.5.0",
     "@types/node": "10.17.27",
diff --git a/version.v1.json b/version.v1.json
index b21f9bf6ba3bf..4553da348c1f3 100644
--- a/version.v1.json
+++ b/version.v1.json
@@ -1,3 +1,3 @@
 {
-  "version": "1.181.0"
+  "version": "1.181.1"
 }
\ No newline at end of file