diff --git a/cumulus/Cargo.lock b/cumulus/Cargo.lock
index 59b9e7b365..28c1c8f6b6 100644
--- a/cumulus/Cargo.lock
+++ b/cumulus/Cargo.lock
@@ -13160,18 +13160,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.171"
+version = "1.0.175"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "30e27d1e4fd7659406c492fd6cfaf2066ba8773de45ca75e855590f856dc34a9"
+checksum = "5d25439cd7397d044e2748a6fe2432b5e85db703d6d097bd014b3c0ad1ebff0b"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.171"
+version = "1.0.175"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "389894603bd18c46fa56231694f8d827779c0951a667087194cf9de94ed24682"
+checksum = "b23f7ade6f110613c0d63858ddb8b94c1041f550eab58a16b371bdf2c9c80ab4"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/cumulus/client/relay-chain-rpc-interface/Cargo.toml b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
index 4b2c563fbd..67b829435c 100644
--- a/cumulus/client/relay-chain-rpc-interface/Cargo.toml
+++ b/cumulus/client/relay-chain-rpc-interface/Cargo.toml
@@ -31,5 +31,5 @@ tracing = "0.1.37"
 async-trait = "0.1.72"
 url = "2.4.0"
 serde_json = "1.0.103"
-serde = "1.0.171"
+serde = "1.0.175"
 lru = "0.9.0"
diff --git a/cumulus/parachain-template/node/Cargo.toml b/cumulus/parachain-template/node/Cargo.toml
index e8d499d24b..ebd0da4001 100644
--- a/cumulus/parachain-template/node/Cargo.toml
+++ b/cumulus/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.3.19", features = ["derive"] }
 log = "0.4.19"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.171", features = ["derive"] }
+serde = { version = "1.0.175", features = ["derive"] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 futures = "0.3.28"
 
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
index d936835108..a11bcecc9f 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-kusama/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.19", default-features = false }
 scale-info = { version = "2.9.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.171", optional = true, features = ["derive"] }
+serde = { version = "1.0.175", optional = true, features = ["derive"] }
 smallvec = "1.11.0"
 
 # Substrate
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
index 6b8d7d2bf2..c62c31e96a 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-polkadot/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.19", default-features = false }
 scale-info = { version = "2.9.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.171", optional = true, features = ["derive"] }
+serde = { version = "1.0.175", optional = true, features = ["derive"] }
 smallvec = "1.11.0"
 
 # Substrate
diff --git a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
index 4aaa9969f6..89896f4175 100644
--- a/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
+++ b/cumulus/parachains/runtimes/bridge-hubs/bridge-hub-rococo/Cargo.toml
@@ -13,7 +13,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0", default-features =
 hex-literal = { version = "0.4.1" }
 log = { version = "0.4.19", default-features = false }
 scale-info = { version = "2.9.0", default-features = false, features = ["derive"] }
-serde = { version = "1.0.171", optional = true, features = ["derive"] }
+serde = { version = "1.0.175", optional = true, features = ["derive"] }
 smallvec = "1.11.0"
 
 # Substrate
diff --git a/cumulus/polkadot-parachain/Cargo.toml b/cumulus/polkadot-parachain/Cargo.toml
index 06e3bc3dbe..8920a336e0 100644
--- a/cumulus/polkadot-parachain/Cargo.toml
+++ b/cumulus/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.28"
 hex-literal = "0.4.1"
 log = "0.4.19"
-serde = { version = "1.0.171", features = ["derive"] }
+serde = { version = "1.0.175", features = ["derive"] }
 serde_json = "1.0.103"
 
 # Local
diff --git a/cumulus/test/service/Cargo.toml b/cumulus/test/service/Cargo.toml
index e299046f18..7b24000ded 100644
--- a/cumulus/test/service/Cargo.toml
+++ b/cumulus/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.5.1", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.16.2", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.171", features = ["derive"] }
+serde = { version = "1.0.175", features = ["derive"] }
 tokio = { version = "1.29.1", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.4.0"