Upgrading PHP on CentOS 6.5 (Final)

As Jacob mentioned, the CentOS packages repo appears to only have PHP 5.3 available at the moment. But these commands seemed to work for me...

rpm -Uvh http://mirror.webtatic.com/yum/el6/latest.rpm
yum remove php-common       # Need to remove this, otherwise it conflicts
yum install php54w
php --version               # Verify version has been upgraded

You can also use php55w or php56w as required.

When I used this, it broke my site but with a little trial and error I was able to figure it out. My connection to mysql had broken and was corrected with:

yum install php54w-mysql