diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index dde3b11b4..8865fc306 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.28.1
+PKG_VERSION:=2.29.0
 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:=856f1b509ef7190fedadec369e290bfb08c2fafb4f858b80a27caf350554fb50
+PKG_HASH:=0e34f4822e6e1076e94cff203b50c0f4a624b7a2673531ec97b04d5859c9dac2
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>