diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index 2ba602d61f330..b8249ec2f2cfa 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.29.6
+PKG_VERSION:=2.29.7
 PKG_RELEASE:=1
 PKG_LICENSE:=Apache-2.0
 PKG_LICENSE_FILES:=LICENSE
 
 PKG_SOURCE:=$(PKG_NAME)-v$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/docker/compose/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=8ccaca6ad76d8ed9234bc3260190458ed5da6f22c061fde3455ce122664b5554
+PKG_HASH:=01b759bc7c301096079dd51c5573751fe7b08ebcc7fde46b40d318539b0d4d8a
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>