diff --git a/Cargo.lock b/Cargo.lock
index 4663eacdf5d..a87044e79df 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -10511,18 +10511,18 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.147"
+version = "1.0.148"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d193d69bae983fc11a79df82342761dfbf28a99fc8d203dca4c3c1b590948965"
+checksum = "e53f64bb4ba0191d6d0676e1b141ca55047d83b74f5607e6d8eb88126c52c2dc"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.147"
+version = "1.0.148"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4f1d362ca8fc9c3e3a7484440752472d68a6caa98f1ab81d99b5dfe517cec852"
+checksum = "a55492425aa53521babf6137309e7d34c20bbfbbfcfe2c7f3a047fd1f6b92c0c"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/parachain-template/node/Cargo.toml b/parachain-template/node/Cargo.toml
index 4b8c0f74033..1aa35581b4a 100644
--- a/parachain-template/node/Cargo.toml
+++ b/parachain-template/node/Cargo.toml
@@ -13,7 +13,7 @@ build = "build.rs"
 clap = { version = "4.0.29", features = ["derive"] }
 log = "0.4.17"
 codec = { package = "parity-scale-codec", version = "3.0.0" }
-serde = { version = "1.0.147", features = ["derive"] }
+serde = { version = "1.0.148", features = ["derive"] }
 jsonrpsee = { version = "0.15.1", features = ["server"] }
 
 # Local
diff --git a/polkadot-parachain/Cargo.toml b/polkadot-parachain/Cargo.toml
index 0f775219bac..79b5461f1b2 100644
--- a/polkadot-parachain/Cargo.toml
+++ b/polkadot-parachain/Cargo.toml
@@ -17,7 +17,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 futures = "0.3.25"
 hex-literal = "0.3.4"
 log = "0.4.17"
-serde = { version = "1.0.147", features = ["derive"] }
+serde = { version = "1.0.148", features = ["derive"] }
 
 # Local
 rococo-parachain-runtime = { path = "../parachains/runtimes/testing/rococo-parachain" }
diff --git a/test/service/Cargo.toml b/test/service/Cargo.toml
index 16a9c71000f..a82c8ae4cd1 100644
--- a/test/service/Cargo.toml
+++ b/test/service/Cargo.toml
@@ -15,7 +15,7 @@ codec = { package = "parity-scale-codec", version = "3.0.0" }
 criterion = { version = "0.4.0", features = [ "async_tokio" ] }
 jsonrpsee = { version = "0.15.1", features = ["server"] }
 rand = "0.8.5"
-serde = { version = "1.0.147", features = ["derive"] }
+serde = { version = "1.0.148", features = ["derive"] }
 tokio = { version = "1.22.0", features = ["macros"] }
 tracing = "0.1.37"
 url = "2.3.1"