diff --git a/package/python-propcache/python-propcache.hash b/package/python-propcache/python-propcache.hash
index 1bda1e96fb..6e89eac6aa 100644
--- a/package/python-propcache/python-propcache.hash
+++ b/package/python-propcache/python-propcache.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/propcache/json
-md5  c642caac1415818205011277008142ea  propcache-0.2.1.tar.gz
-sha256  3f77ce728b19cb537714499928fe800c3dda29e8d9428778fc7c186da4c09a64  propcache-0.2.1.tar.gz
+md5  1c073b491620a9f6d568276d61f80277  propcache-0.3.2.tar.gz
+sha256  20d7d62e4e7ef05f221e0db2856b979540686342e7dd9973b815599c7057e168  propcache-0.3.2.tar.gz
 # Locally computed sha256 checksums
 sha256  cfc7749b96f63bd31c3c42b5c471bf756814053e847c10f3eb003417bc523d30  LICENSE
diff --git a/package/python-propcache/python-propcache.mk b/package/python-propcache/python-propcache.mk
index 92a31a19af..e1050c4919 100644
--- a/package/python-propcache/python-propcache.mk
+++ b/package/python-propcache/python-propcache.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PROPCACHE_VERSION = 0.2.1
+PYTHON_PROPCACHE_VERSION = 0.3.2
 PYTHON_PROPCACHE_SOURCE = propcache-$(PYTHON_PROPCACHE_VERSION).tar.gz
-PYTHON_PROPCACHE_SITE = https://files.pythonhosted.org/packages/20/c8/2a13f78d82211490855b2fb303b6721348d0787fdd9a12ac46d99d3acde1
+PYTHON_PROPCACHE_SITE = https://files.pythonhosted.org/packages/a6/16/43264e4a779dd8588c21a70f0709665ee8f611211bdd2c87d952cfa7c776
 PYTHON_PROPCACHE_SETUP_TYPE = setuptools
 PYTHON_PROPCACHE_LICENSE = Apache-2.0
 PYTHON_PROPCACHE_LICENSE_FILES = LICENSE