diff --git a/package/python-posix-ipc/python-posix-ipc.hash b/package/python-posix-ipc/python-posix-ipc.hash
index d267cabc88..4258af6348 100644
--- a/package/python-posix-ipc/python-posix-ipc.hash
+++ b/package/python-posix-ipc/python-posix-ipc.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/posix-ipc/json
-md5	c4fd0065244ccb2f59cb8ceedf287cf6  posix_ipc-1.0.4.tar.gz
-sha256	ff6c9077633fc62a491d6997c43b094d885bb45a7ca1f36c9a0d647c54b74b14  posix_ipc-1.0.4.tar.gz
+md5  8c9443859492ecf3aae9182aa6b5c78c  posix_ipc-1.0.5.tar.gz
+sha256  6cddb1ce2cf4aae383f2a0079c26c69bee257fe2720f372201ef047f8ceb8b97  posix_ipc-1.0.5.tar.gz
 # Locally computed sha256 checksums
-sha256	61f0669e70518e6d32f87e485965fe9309de60e4bef938b29cecd068b3db9a98  LICENSE
+sha256  61f0669e70518e6d32f87e485965fe9309de60e4bef938b29cecd068b3db9a98  LICENSE
diff --git a/package/python-posix-ipc/python-posix-ipc.mk b/package/python-posix-ipc/python-posix-ipc.mk
index d4429f117e..359dee6d7c 100644
--- a/package/python-posix-ipc/python-posix-ipc.mk
+++ b/package/python-posix-ipc/python-posix-ipc.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_POSIX_IPC_VERSION = 1.0.4
+PYTHON_POSIX_IPC_VERSION = 1.0.5
 PYTHON_POSIX_IPC_SOURCE = posix_ipc-$(PYTHON_POSIX_IPC_VERSION).tar.gz
-PYTHON_POSIX_IPC_SITE = https://files.pythonhosted.org/packages/c9/3e/54217da71aa26b488295d878df4d3132093253b4ae5798ac66fcb6921ef0
+PYTHON_POSIX_IPC_SITE = https://files.pythonhosted.org/packages/bc/2f/9a7901aa26fb0e02a671b989ba814d059a0f45af85cea31b9c9eef7e2dda
 PYTHON_POSIX_IPC_LICENSE = BSD-3-Clause
 PYTHON_POSIX_IPC_LICENSE_FILES = LICENSE
 PYTHON_POSIX_IPC_SETUP_TYPE = setuptools