diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index d20f1f3057..82bdbe9394 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,11 +1,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=docker-compose
-PKG_VERSION:=1.29.1
+PKG_VERSION:=1.29.2
 PKG_RELEASE:=1
 
 PYPI_NAME:=docker-compose
-PKG_HASH:=d2064934f5084db8a0c4805e226447bf1fd0c928419be95afb6bd1866838c1f1
+PKG_HASH:=4c8cd9d21d237412793d18bd33110049ee9af8dab3fe2c213bbd0733959b09b7
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>
 PKG_LICENSE:=Apache-2.0