diff --git a/pyproject.toml b/pyproject.toml
index c2943c52c..b4d5e9c75 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -77,7 +77,7 @@ pytest = [
     "async-solipsism == 0.5",
 ]
 mypy = [
-    "mypy == 1.2.0",
+    "mypy == 1.3.0",
     "grpc-stubs == 1.24.12",  # This dependency introduces breaking changes in patch releases
     # For checking the noxfile, docs/ script, and tests
     "frequenz-sdk[docs-gen,nox,pytest]",