diff --git a/package/freetype/freetype.hash b/package/freetype/freetype.hash
index 78d0ba20d7..a558a3e846 100644
--- a/package/freetype/freetype.hash
+++ b/package/freetype/freetype.hash
@@ -1,6 +1,6 @@
-# From https://sourceforge.net/projects/freetype/files/freetype2/2.12.0/
-sha1  fd1eb1a27f178808e1d8ccd82c71abfa5d0ebe13  freetype-2.12.0.tar.xz
-sha256  ef5c336aacc1a079ff9262d6308d6c2a066dd4d2a905301c4adda9b354399033  freetype-2.12.0.tar.xz
+# From https://sourceforge.net/projects/freetype/files/freetype2/2.12.1/
+sha1  5133eed28a7624ffabbf6d00aa3f68b841d62d80  freetype-2.12.1.tar.xz
+sha256  4766f20157cc4cf0cd292f80bf917f92d1c439b243ac3018debf6b9140c41a7f  freetype-2.12.1.tar.xz
 
 # Locally calculated
 sha256  c85e842b7ff04d95dab7d68e812773de0f8b67940e5449d35b42c66eb0f619fe  LICENSE.TXT
diff --git a/package/freetype/freetype.mk b/package/freetype/freetype.mk
index 5c6b8c73be..36ef3cb527 100644
--- a/package/freetype/freetype.mk
+++ b/package/freetype/freetype.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-FREETYPE_VERSION = 2.12.0
+FREETYPE_VERSION = 2.12.1
 FREETYPE_SOURCE = freetype-$(FREETYPE_VERSION).tar.xz
 FREETYPE_SITE = http://download.savannah.gnu.org/releases/freetype
 FREETYPE_INSTALL_STAGING = YES