diff --git a/package/python-pyyaml/python-pyyaml.hash b/package/python-pyyaml/python-pyyaml.hash
index 90e1f2199e..82b2f4f880 100644
--- a/package/python-pyyaml/python-pyyaml.hash
+++ b/package/python-pyyaml/python-pyyaml.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/PyYAML/json
-md5  d3590b85917362e837298e733321962b  PyYAML-5.3.1.tar.gz
-sha256  b8eac752c5e14d3eca0e6dd9199cd627518cb5ec06add0de9d32baeee6fe645d  PyYAML-5.3.1.tar.gz
+md5  46e25294c7efec23d4072ed6a7777f46  PyYAML-5.4.1.tar.gz
+sha256  607774cbba28732bfa802b54baa7484215f530991055bb562efbed5b2f20a45e  PyYAML-5.4.1.tar.gz
 # Locally computed sha256 checksums
-sha256  c40112449f254b9753045925248313e9270efa36d226b22d82d4cc6c43c57f29  LICENSE
+sha256  8d3928f9dc4490fd635707cb88eb26bd764102a7282954307d3e5167a577e8a4  LICENSE
diff --git a/package/python-pyyaml/python-pyyaml.mk b/package/python-pyyaml/python-pyyaml.mk
index c2d0435275..87c0fe4e81 100644
--- a/package/python-pyyaml/python-pyyaml.mk
+++ b/package/python-pyyaml/python-pyyaml.mk
@@ -5,9 +5,9 @@
 ################################################################################
 
 # Please keep in sync package/python3-pyyaml/python3-pyyaml.mk
-PYTHON_PYYAML_VERSION = 5.3.1
+PYTHON_PYYAML_VERSION = 5.4.1
 PYTHON_PYYAML_SOURCE = PyYAML-$(PYTHON_PYYAML_VERSION).tar.gz
-PYTHON_PYYAML_SITE = https://files.pythonhosted.org/packages/64/c2/b80047c7ac2478f9501676c988a5411ed5572f35d1beff9cae07d321512c
+PYTHON_PYYAML_SITE = https://files.pythonhosted.org/packages/a0/a4/d63f2d7597e1a4b55aa3b4d6c5b029991d3b824b5bd331af8d4ab1ed687d
 PYTHON_PYYAML_SETUP_TYPE = distutils
 PYTHON_PYYAML_LICENSE = MIT
 PYTHON_PYYAML_LICENSE_FILES = LICENSE
diff --git a/package/python3-pyyaml/python3-pyyaml.mk b/package/python3-pyyaml/python3-pyyaml.mk
index 1b467645aa..079408e63f 100644
--- a/package/python3-pyyaml/python3-pyyaml.mk
+++ b/package/python3-pyyaml/python3-pyyaml.mk
@@ -5,9 +5,9 @@
 ################################################################################
 
 # Please keep in sync with package/python-pyyaml/python-pyyaml.mk
-PYTHON3_PYYAML_VERSION = 5.3.1
+PYTHON3_PYYAML_VERSION = 5.4.1
 PYTHON3_PYYAML_SOURCE = PyYAML-$(PYTHON3_PYYAML_VERSION).tar.gz
-PYTHON3_PYYAML_SITE = https://files.pythonhosted.org/packages/64/c2/b80047c7ac2478f9501676c988a5411ed5572f35d1beff9cae07d321512c
+PYTHON3_PYYAML_SITE = https://files.pythonhosted.org/packages/a0/a4/d63f2d7597e1a4b55aa3b4d6c5b029991d3b824b5bd331af8d4ab1ed687d
 PYTHON3_PYYAML_SETUP_TYPE = distutils
 PYTHON3_PYYAML_LICENSE = MIT
 PYTHON3_PYYAML_LICENSE_FILES = LICENSE