diff --git a/lang/python/python-msgpack/Makefile b/lang/python/python-msgpack/Makefile
index 20ee8c9228..cef1e9aa0c 100644
--- a/lang/python/python-msgpack/Makefile
+++ b/lang/python/python-msgpack/Makefile
@@ -8,11 +8,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=python-msgpack
-PKG_VERSION:=1.1.2
+PKG_VERSION:=1.2.1
 PKG_RELEASE:=1
 
 PYPI_NAME:=msgpack
-PKG_HASH:=3b60763c1373dd60f398488069bcdc703cd08a711477b5d480eecc9f9626f47e
+PKG_HASH:=04c721c2c7448767e9e3f2520a475663d8ee0f09c31890f6d2bd70fd636a9647
 
 PKG_MAINTAINER:=Alexandru Ardelean <ardeleanalex@gmail.com>
 PKG_LICENSE:=Apache-2.0