diff --git a/.changeset/old-jokes-doubt.md b/.changeset/old-jokes-doubt.md
new file mode 100644
index 00000000000..99e5f655c29
--- /dev/null
+++ b/.changeset/old-jokes-doubt.md
@@ -0,0 +1,5 @@
+---
+'@graphql-codegen/cli': patch
+---
+
+Update yaml dependency to 2.3.1
diff --git a/packages/graphql-codegen-cli/package.json b/packages/graphql-codegen-cli/package.json
index b8275e8950c..498e4d03e0d 100644
--- a/packages/graphql-codegen-cli/package.json
+++ b/packages/graphql-codegen-cli/package.json
@@ -72,7 +72,7 @@
     "string-env-interpolation": "^1.0.1",
     "ts-log": "^2.2.3",
     "tslib": "^2.4.0",
-    "yaml": "^1.10.0",
+    "yaml": "^2.3.1",
     "yargs": "^17.0.0"
   },
   "devDependencies": {
diff --git a/yarn.lock b/yarn.lock
index e42bece683d..60a30916324 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -14540,15 +14540,15 @@ yaml-eslint-parser@^1.1.0:
     lodash "^4.17.21"
     yaml "^2.0.0"
 
-yaml@^1.10.0, yaml@^1.10.2:
+yaml@^1.10.2:
   version "1.10.2"
   resolved "https://registry.yarnpkg.com/yaml/-/yaml-1.10.2.tgz#2301c5ffbf12b467de8da2333a459e29e7920e4b"
   integrity sha512-r3vXyErRCYJ7wg28yvBY5VSoAF8ZvlcW9/BwUzEtUsjvX/DKs24dIkuwjtuprwJJHsbyUbLApepYTR1BN4uHrg==
 
-yaml@^2.0.0, yaml@^2.2.2:
-  version "2.2.2"
-  resolved "https://registry.yarnpkg.com/yaml/-/yaml-2.2.2.tgz#ec551ef37326e6d42872dad1970300f8eb83a073"
-  integrity sha512-CBKFWExMn46Foo4cldiChEzn7S7SRV+wqiluAb6xmueD/fGyRHIhX8m14vVGgeFWjN540nKCNVj6P21eQjgTuA==
+yaml@^2.0.0, yaml@^2.2.2, yaml@^2.3.1:
+  version "2.3.1"
+  resolved "https://registry.yarnpkg.com/yaml/-/yaml-2.3.1.tgz#02fe0975d23cd441242aa7204e09fc28ac2ac33b"
+  integrity sha512-2eHWfjaoXgTBC2jNM1LRef62VQa0umtvRiDSk6HSzW7RvS5YtkabJrwYLLEKWBc8a5U2PTSCs+dJjUTJdlHsWQ==
 
 yargs-parser@^18.1.2, yargs-parser@^18.1.3:
   version "18.1.3"