diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index 5c36892aa4..91bdea54b2 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.29.2
+PKG_VERSION:=2.29.3
 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:=f040319023ed33d48aef424f7ac7dce720d5733c513216717044d658bc3782a9
+PKG_HASH:=55ddbcb65bccfc4f4ac4a45930eab2d1ee8f45ceea3988b68cd25982d688c9df
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>