diff --git a/pkgs/development/python-modules/pex/default.nix b/pkgs/development/python-modules/pex/default.nix
index 5e27b6b4fcb6..4e44aa1ddc76 100644
--- a/pkgs/development/python-modules/pex/default.nix
+++ b/pkgs/development/python-modules/pex/default.nix
@@ -7,14 +7,14 @@
 
 buildPythonPackage rec {
   pname = "pex";
-  version = "2.1.97";
+  version = "2.1.98";
   format = "flit";
 
   disabled = pythonOlder "3.7";
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-h2fDyL1spMBjnqTvjj3C3eXFFmgtvX7NyTUo5my6Lk4=";
+    hash = "sha256-5qvcaxbRR6Mt4lgSxQlcfSEfxjzW134hLJxxMZxg6LQ=";
   };
 
   nativeBuildInputs = [