diff --git a/gnu/packages/python-xyz.scm b/gnu/packages/python-xyz.scm
index 7270aefa1b..1268ff257a 100644
--- a/gnu/packages/python-xyz.scm
+++ b/gnu/packages/python-xyz.scm
@@ -3551,14 +3551,14 @@ (define-public python2-itsdangerous
 (define-public python-pyyaml
   (package
     (name "python-pyyaml")
-    (version "5.3.1")
+    (version "5.4.1")
     (source
      (origin
        (method url-fetch)
        (uri (pypi-uri "PyYAML" version))
        (sha256
         (base32
-         "0pb4zvkfxfijkpgd1b86xjsqql97ssf1knbd1v53wkg1qm9cgsmq"))))
+         "0pm440pmpvgv5rbbnm8hk4qga5a292kvlm1bh3x2nwr8pb5p8xv0"))))
     (build-system python-build-system)
     (inputs
      `(("libyaml" ,libyaml)))