diff --git a/pkgs/development/libraries/grpc/default.nix b/pkgs/development/libraries/grpc/default.nix
index 2d591109f27d..1ff8df9e58b7 100644
--- a/pkgs/development/libraries/grpc/default.nix
+++ b/pkgs/development/libraries/grpc/default.nix
@@ -21,7 +21,7 @@
 
 stdenv.mkDerivation rec {
   pname = "grpc";
-  version = "1.53.0"; # N.B: if you change this, please update:
+  version = "1.54.0"; # N.B: if you change this, please update:
     # pythonPackages.grpcio-tools
     # pythonPackages.grpcio-status
 
@@ -29,7 +29,7 @@ stdenv.mkDerivation rec {
     owner = "grpc";
     repo = "grpc";
     rev = "v${version}";
-    hash = "sha256-YRVWR1woMDoq8TWFrL2nqQvAbtqBnUd3QlfbFTJm8dc=";
+    hash = "sha256-WVH7rYyFx2LyAnctnNbX4KevoJ5KKZujN+SmL0Y6wvw=";
     fetchSubmodules = true;
   };
 
diff --git a/pkgs/development/python-modules/grpcio-status/default.nix b/pkgs/development/python-modules/grpcio-status/default.nix
index c4748193303e..e6c4ec584e34 100644
--- a/pkgs/development/python-modules/grpcio-status/default.nix
+++ b/pkgs/development/python-modules/grpcio-status/default.nix
@@ -9,14 +9,14 @@
 
 buildPythonPackage rec {
   pname = "grpcio-status";
-  version = "1.53.0";
+  version = "1.54.0";
   format = "setuptools";
 
   disabled = pythonOlder "3.6";
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-WkaCDcfZS6xIquXdl8lMreoJ2AoFVTrKdKkqKVQDBCA=";
+    hash = "sha256-tQMF1SwN9haUk8yl8uObm013Oz8w1Kemtt18GMuJAHw=";
   };
 
   postPatch = ''
diff --git a/pkgs/development/python-modules/grpcio-tools/default.nix b/pkgs/development/python-modules/grpcio-tools/default.nix
index 0b6418a4797b..938fd43619c4 100644
--- a/pkgs/development/python-modules/grpcio-tools/default.nix
+++ b/pkgs/development/python-modules/grpcio-tools/default.nix
@@ -2,12 +2,12 @@
 
 buildPythonPackage rec {
   pname = "grpcio-tools";
-  version = "1.53.0";
+  version = "1.54.0";
   format = "setuptools";
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-kl7/8tY8oyZvk8kk/+ul1JbxaozL4SX6DRis9HzF+og=";
+    hash = "sha256-33msv1mZcBjhMXE7cWov3bVVbhhA6fud5MpzvyBZWQ4=";
   };
 
   postPatch = ''