diff --git a/package/python-markdown2/python-markdown2.hash b/package/python-markdown2/python-markdown2.hash
index 2f7162e850..c412c6c012 100644
--- a/package/python-markdown2/python-markdown2.hash
+++ b/package/python-markdown2/python-markdown2.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/markdown2/json
-md5  38582a01de352b173b0cf86c9864ad2e  markdown2-2.5.3.tar.gz
-sha256  4d502953a4633408b0ab3ec503c5d6984d1b14307e32b325ec7d16ea57524895  markdown2-2.5.3.tar.gz
+md5  b61518f0e66d3f35d404ed595252853c  markdown2-2.5.4.tar.gz
+sha256  a09873f0b3c23dbfae589b0080587df52ad75bb09a5fa6559147554736676889  markdown2-2.5.4.tar.gz
 # Locally computed sha256 checksums
 sha256  f8c7c4d554409cf621b8d653dbfffb719745fd36f5c49b8305258649b403ef9c  LICENSE.txt
diff --git a/package/python-markdown2/python-markdown2.mk b/package/python-markdown2/python-markdown2.mk
index fded790801..a8737b5b49 100644
--- a/package/python-markdown2/python-markdown2.mk
+++ b/package/python-markdown2/python-markdown2.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_MARKDOWN2_VERSION = 2.5.3
+PYTHON_MARKDOWN2_VERSION = 2.5.4
 PYTHON_MARKDOWN2_SOURCE = markdown2-$(PYTHON_MARKDOWN2_VERSION).tar.gz
-PYTHON_MARKDOWN2_SITE = https://files.pythonhosted.org/packages/44/52/d7dcc6284d59edb8301b8400435fbb4926a9b0f13a12b5cbaf3a4a54bb7b
+PYTHON_MARKDOWN2_SITE = https://files.pythonhosted.org/packages/42/f8/b2ae8bf5f28f9b510ae097415e6e4cb63226bb28d7ee01aec03a755ba03b
 PYTHON_MARKDOWN2_SETUP_TYPE = setuptools
 PYTHON_MARKDOWN2_LICENSE = MIT
 PYTHON_MARKDOWN2_LICENSE_FILES = LICENSE.txt