diff --git a/Cargo.lock b/Cargo.lock
index 4daa0ff0065..67603d72521 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5222,9 +5222,9 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.118"
+version = "1.0.120"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d947f6b3163d8857ea16c4fa0dd4840d52f3041039a85decd46867eb1abef2e4"
+checksum = "4e0d21c9a8cae1235ad58a00c11cb40d4b1e5c784f1ef2c537876ed6ffd8b7c5"
 dependencies = [
  "itoa",
  "ryu",
diff --git a/Cargo.toml b/Cargo.toml
index dd9df40c97a..effd0e2c9f1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -116,7 +116,7 @@ dashmap = "5.5.3"
 rustc-hash = "1.1.0"
 
 serde = { version = "1.0.203", default-features = false }
-serde_json = { version = "1.0.118", default-features = false }
+serde_json = { version = "1.0.120", default-features = false }
 serde_yaml = "0.9.34"
 serde_with = { version = "3.8.2", default-features = false }
 parity-scale-codec = { version = "3.6.12", default-features = false }