diff --git a/package/python-pysmi/python-pysmi.hash b/package/python-pysmi/python-pysmi.hash
index 729b980032..39a76fc740 100644
--- a/package/python-pysmi/python-pysmi.hash
+++ b/package/python-pysmi/python-pysmi.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pysmi/json
-md5  f99b37bb4a31a9cfaedc8b7f269ad7b8  pysmi-1.5.0.tar.gz
-sha256  e42bcd3961de71d58186f7a7fa6adac133701ae74cd19e6376289d89593b0af2  pysmi-1.5.0.tar.gz
+md5  84ff7ba2166c022b194c271f43b14c56  pysmi-1.5.5.tar.gz
+sha256  ad96dc983370e2b29a37dcc3af4ca6948127522b629bece23320ca0698c1b605  pysmi-1.5.5.tar.gz
 # Locally computed sha256 checksums
-sha256  46aa9a218d0f066d2565b826b08872227480e93f561eadf4d994213b08882b8a  LICENSE.rst
+sha256  bc211b99a3eb46f3b1f64f8152dffc869d3bc4bffed82545732ef9e34628513b  LICENSE.rst
diff --git a/package/python-pysmi/python-pysmi.mk b/package/python-pysmi/python-pysmi.mk
index f747864def..753105928c 100644
--- a/package/python-pysmi/python-pysmi.mk
+++ b/package/python-pysmi/python-pysmi.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYSMI_VERSION = 1.5.0
+PYTHON_PYSMI_VERSION = 1.5.5
 PYTHON_PYSMI_SOURCE = pysmi-$(PYTHON_PYSMI_VERSION).tar.gz
-PYTHON_PYSMI_SITE = https://files.pythonhosted.org/packages/59/d9/136ca19b66a917377a3b40f390f525eeeb21122dba7562a726bfb2d3629e
+PYTHON_PYSMI_SITE = https://files.pythonhosted.org/packages/dc/fb/8461c21d0893c72492100b35fce128b057c4e615e79b0ce4496412ffec0c
 PYTHON_PYSMI_SETUP_TYPE = pep517
 PYTHON_PYSMI_LICENSE = BSD-2-Clause
 PYTHON_PYSMI_LICENSE_FILES = LICENSE.rst