diff --git a/package/docker-compose/docker-compose.hash b/package/docker-compose/docker-compose.hash
index 2896eee40c..0fb9767305 100644
--- a/package/docker-compose/docker-compose.hash
+++ b/package/docker-compose/docker-compose.hash
@@ -1,3 +1,3 @@
 # Locally computed
-sha256  7ca8746c86ba25491f5bbdc44c41d5cf7f64defa69f4015c601e1a562f7f64fb  docker-compose-2.27.1-go2.tar.gz
+sha256  100a1c1522fc58658ce08ed4a6213ffb22f0bf5a728718e6e2b1181a127d321f  docker-compose-2.29.7-go2.tar.gz
 sha256  58d1e17ffe5109a7ae296caafcadfdbe6a7d176f0bc4ab01e12a689b0499d8bd  LICENSE
diff --git a/package/docker-compose/docker-compose.mk b/package/docker-compose/docker-compose.mk
index 44e27787ab..26d90d303f 100644
--- a/package/docker-compose/docker-compose.mk
+++ b/package/docker-compose/docker-compose.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-DOCKER_COMPOSE_VERSION = 2.27.1
+DOCKER_COMPOSE_VERSION = 2.29.7
 DOCKER_COMPOSE_SITE = $(call github,docker,compose,v$(DOCKER_COMPOSE_VERSION))
 DOCKER_COMPOSE_LICENSE = Apache-2.0
 DOCKER_COMPOSE_LICENSE_FILES = LICENSE