diff --git a/openstack/ironic-lib/ironic-lib.spec.j2 b/openstack/ironic-lib/ironic-lib.spec.j2
index 5b95e8e53..b22e6be37 100644
--- a/openstack/ironic-lib/ironic-lib.spec.j2
+++ b/openstack/ironic-lib/ironic-lib.spec.j2
@@ -1,5 +1,5 @@
 {% set pypi_name = 'ironic-lib' %}
-{% set upstream_version = upstream_version('5.3.0') %}
+{% set upstream_version = upstream_version('5.5.0') %}
 {% set rpm_release = '1' %}
 {% set source = url_pypi() %}