diff --git a/package/python-posix-ipc/python-posix-ipc.hash b/package/python-posix-ipc/python-posix-ipc.hash
index 4258af6348..74d2db0f5e 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  8c9443859492ecf3aae9182aa6b5c78c  posix_ipc-1.0.5.tar.gz
-sha256  6cddb1ce2cf4aae383f2a0079c26c69bee257fe2720f372201ef047f8ceb8b97  posix_ipc-1.0.5.tar.gz
+md5  81baeabebd3e4064972ec62fd9eace0b  posix_ipc-1.1.0.tar.gz
+sha256  f86a15b32b38573c78e305ebd9100d8198a3d9facc03ffafe39edc35833738e3  posix_ipc-1.1.0.tar.gz
 # Locally computed sha256 checksums
-sha256  61f0669e70518e6d32f87e485965fe9309de60e4bef938b29cecd068b3db9a98  LICENSE
+sha256  2b58f0bf31a8cbd7e56bfef030e9f7f02758ce8a810d073ccf41753bdc2a0747  LICENSE
diff --git a/package/python-posix-ipc/python-posix-ipc.mk b/package/python-posix-ipc/python-posix-ipc.mk
index 359dee6d7c..c25af9ecbd 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 = 1.0.5
+PYTHON_POSIX_IPC_VERSION = 1.1.0
 PYTHON_POSIX_IPC_SOURCE = posix_ipc-$(PYTHON_POSIX_IPC_VERSION).tar.gz
-PYTHON_POSIX_IPC_SITE = https://files.pythonhosted.org/packages/bc/2f/9a7901aa26fb0e02a671b989ba814d059a0f45af85cea31b9c9eef7e2dda
+PYTHON_POSIX_IPC_SITE = https://files.pythonhosted.org/packages/41/72/90b6702782921c0e3e0b10a66f2a47d8cfaf9c2255d763ab45cc8cea25eb
 PYTHON_POSIX_IPC_LICENSE = BSD-3-Clause
 PYTHON_POSIX_IPC_LICENSE_FILES = LICENSE
 PYTHON_POSIX_IPC_SETUP_TYPE = setuptools