diff --git a/package/python-traitlets/python-traitlets.hash b/package/python-traitlets/python-traitlets.hash
index 01e2bf8e30..095e85c155 100644
--- a/package/python-traitlets/python-traitlets.hash
+++ b/package/python-traitlets/python-traitlets.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/traitlets/json
-md5  19483ec0685e837912cff128209aa845  traitlets-5.1.0.tar.gz
-sha256  bd382d7ea181fbbcce157c133db9a829ce06edffe097bcf3ab945b435452b46d  traitlets-5.1.0.tar.gz
+md5  d5f87bbea8acf897ac3e435c7b71acdc  traitlets-5.5.0.tar.gz
+sha256  b122f9ff2f2f6c1709dab289a05555be011c87828e911c0cf4074b85cb780a79  traitlets-5.5.0.tar.gz
 # Locally computed sha256 checksums
-sha256  71c89129039b870cc92309466c4fbe8f285a82fa0ea36f0e840fa83979cbe31f  COPYING.md
+sha256  3dcd47086529bf178cf7d10f35a8c188a1e9710391acecceef700898a4cf099b  COPYING.md
diff --git a/package/python-traitlets/python-traitlets.mk b/package/python-traitlets/python-traitlets.mk
index 5f41f6ee8f..25ab71047a 100644
--- a/package/python-traitlets/python-traitlets.mk
+++ b/package/python-traitlets/python-traitlets.mk
@@ -4,11 +4,12 @@
 #
 ################################################################################
 
-PYTHON_TRAITLETS_VERSION = 5.1.0
+PYTHON_TRAITLETS_VERSION = 5.5.0
 PYTHON_TRAITLETS_SOURCE = traitlets-$(PYTHON_TRAITLETS_VERSION).tar.gz
-PYTHON_TRAITLETS_SITE = https://files.pythonhosted.org/packages/d5/bc/37d490908e7ac949614d62767db3c86f37bc5adb6129d378c35859a75b87
+PYTHON_TRAITLETS_SITE = https://files.pythonhosted.org/packages/dd/a8/278742d17c9e95ccb0dcb86ae216df114d2166d88e72f42b60a7b58b600b
 PYTHON_TRAITLETS_LICENSE = BSD-3-Clause
 PYTHON_TRAITLETS_LICENSE_FILES = COPYING.md
-PYTHON_TRAITLETS_SETUP_TYPE = distutils
+PYTHON_TRAITLETS_SETUP_TYPE = pep517
+PYTHON_TRAITLETS_DEPENDENCIES = host-python-hatchling
 
 $(eval $(python-package))