diff --git a/sonic-slave-buster/Dockerfile.j2 b/sonic-slave-buster/Dockerfile.j2
index 0890f0b68c..749cdfd4ac 100644
--- a/sonic-slave-buster/Dockerfile.j2
+++ b/sonic-slave-buster/Dockerfile.j2
@@ -429,8 +429,8 @@ RUN pip3 uninstall -y enum34
 RUN pip2 install j2cli==0.3.10
 
 # For sonic-mgmt-framework
-RUN pip2 install "PyYAML==5.3.1"
-RUN pip3 install "PyYAML==5.3.1"
+RUN pip2 install "PyYAML==5.4.1"
+RUN pip3 install "PyYAML==5.4.1"
 RUN pip2 install "lxml==4.6.2"
 RUN pip3 install "lxml==4.6.2"
 
diff --git a/src/sonic-bgpcfgd/setup.py b/src/sonic-bgpcfgd/setup.py
index d6290bccb2..ab86ca20ec 100755
--- a/src/sonic-bgpcfgd/setup.py
+++ b/src/sonic-bgpcfgd/setup.py
@@ -17,7 +17,7 @@ setuptools.setup(
     install_requires = [
         'jinja2>=2.10',
         'netaddr==0.8.0',
-        'pyyaml==5.3.1',
+        'pyyaml==5.4.1',
     ],
     setup_requires = [
         'pytest-runner',
diff --git a/src/sonic-config-engine/setup.py b/src/sonic-config-engine/setup.py
index c9dfd3609b..d167e05664 100644
--- a/src/sonic-config-engine/setup.py
+++ b/src/sonic-config-engine/setup.py
@@ -9,7 +9,7 @@ dependencies = [
     'ipaddress==1.0.23',
     'lxml==4.6.2',
     'netaddr==0.8.0',
-    'pyyaml==5.3.1',
+    'pyyaml==5.4.1',
     'sonic-py-common',
 ]
 
diff --git a/src/sonic-frr-mgmt-framework/setup.py b/src/sonic-frr-mgmt-framework/setup.py
index d8681d1bbd..d3c9f1dae1 100755
--- a/src/sonic-frr-mgmt-framework/setup.py
+++ b/src/sonic-frr-mgmt-framework/setup.py
@@ -14,7 +14,7 @@ setuptools.setup(
     install_requires = [
         'jinja2>=2.10',
         'netaddr==0.8.0',
-        'pyyaml==5.3.1',
+        'pyyaml==5.4.1',
         'zipp==1.2.0', # importlib-resources needs zipp and seems to have a bug where it will try to import too new of a version for Python 2
     ],
     setup_requires = [