diff --git a/Cargo.lock b/Cargo.lock
index 02fb6505a6..f524c65744 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -467,9 +467,9 @@ dependencies = [
 
 [[package]]
 name = "clap"
-version = "4.3.0"
+version = "4.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "93aae7a4192245f70fe75dd9157fc7b4a5bf53e88d30bd4396f7d8f9284d5acc"
+checksum = "b4ed2379f8603fa2b7509891660e802b88c70a79a6427a70abb5968054de2c28"
 dependencies = [
  "clap_builder",
  "clap_derive",
@@ -478,9 +478,9 @@ dependencies = [
 
 [[package]]
 name = "clap_builder"
-version = "4.3.0"
+version = "4.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4f423e341edefb78c9caba2d9c7f7687d0e72e89df3ce3394554754393ac3990"
+checksum = "72394f3339a76daf211e57d4bcb374410f3965dcc606dd0e03738c7888766980"
 dependencies = [
  "anstream",
  "anstyle",
@@ -492,9 +492,9 @@ dependencies = [
 
 [[package]]
 name = "clap_derive"
-version = "4.3.0"
+version = "4.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "191d9573962933b4027f932c600cd252ce27a8ad5979418fe78e43c07996f27b"
+checksum = "59e9ef9a08ee1c0e1f2e162121665ac45ac3783b0f897db7244ae75ad9a8f65b"
 dependencies = [
  "heck",
  "proc-macro2",
@@ -3425,7 +3425,7 @@ dependencies = [
 name = "subxt-cli"
 version = "0.29.0"
 dependencies = [
- "clap 4.3.0",
+ "clap 4.3.1",
  "color-eyre",
  "frame-metadata",
  "hex",
diff --git a/Cargo.toml b/Cargo.toml
index f0ac464fcc..9f5291311b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -32,7 +32,7 @@ assert_matches = "1.5.0"
 base58 = { version = "0.2.0" }
 bitvec = { version = "1", default-features = false }
 blake2 = { version = "0.10.4", default-features = false }
-clap = { version = "4.3.0", features = ["derive", "cargo"] }
+clap = { version = "4.3.1", features = ["derive", "cargo"] }
 criterion = "0.4"
 codec = { package = "parity-scale-codec", version = "3.4.0", default-features = false }
 color-eyre = "0.6.1"