diff --git a/package/python-mako/python-mako.hash b/package/python-mako/python-mako.hash
index f5b5daf06d..4bacafafde 100644
--- a/package/python-mako/python-mako.hash
+++ b/package/python-mako/python-mako.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/mako/json
-md5  409bdc38e9ddda5eada61fb092cb12fd  Mako-1.1.5.tar.gz
-sha256  169fa52af22a91900d852e937400e79f535496191c63712e3b9fda5a9bed6fc3  Mako-1.1.5.tar.gz
+md5  4fa0a489a247c59b36fe3e0de5514fed  Mako-1.2.3.tar.gz
+sha256  7fde96466fcfeedb0eed94f187f20b23d85e4cb41444be0e542e2c8c65c396cd  Mako-1.2.3.tar.gz
 # Locally computed sha256 checksums
-sha256  47cd0d41b1092f9161cfb629ed15e5cea185144710ff4633a4281ef088ff5de7  LICENSE
+sha256  760f22b3e9ea4a50eb99201bd8dd118869f28108cfb64ccce6d1b305cf9ae9fa  LICENSE
diff --git a/package/python-mako/python-mako.mk b/package/python-mako/python-mako.mk
index 553c4a5339..a663b7dbda 100644
--- a/package/python-mako/python-mako.mk
+++ b/package/python-mako/python-mako.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_MAKO_VERSION = 1.1.5
+PYTHON_MAKO_VERSION = 1.2.3
 PYTHON_MAKO_SOURCE = Mako-$(PYTHON_MAKO_VERSION).tar.gz
-PYTHON_MAKO_SITE = https://files.pythonhosted.org/packages/d1/42/ff293411e980debfc647be9306d89840c8b82ea24571b014f1a35b2ad80f
+PYTHON_MAKO_SITE = https://files.pythonhosted.org/packages/b9/38/c25f0874ea71802fc6f1e9f0f88a7e9666818121b28991bbc1d8eddbcdb1
 PYTHON_MAKO_SETUP_TYPE = setuptools
 PYTHON_MAKO_LICENSE = MIT
 PYTHON_MAKO_LICENSE_FILES = LICENSE