diff --git a/.versions b/.versions
index 41c33d6495d3e..bf46ec0ecc48c 100644
--- a/.versions
+++ b/.versions
@@ -19,7 +19,7 @@ PYENV_GIT_TAG=v2.3.25
 PYTHON_INSPECTOR_VERSION=0.9.8
 PYTHON_PIPENV_VERSION=2022.9.24
 PYTHON_POETRY_VERSION=1.6.1
-PYTHON_VERSION=3.10.13
+PYTHON_VERSION=3.11.5
 RUBY_VERSION=3.1.2
 RUST_VERSION=1.72.0
 SBT_VERSION=1.6.1
diff --git a/Dockerfile b/Dockerfile
index 6258224245823..0c65743f3c163 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -135,7 +135,7 @@ RUN --mount=type=cache,target=/var/cache/apt,sharing=locked \
     tk-dev \
     && sudo rm -rf /var/lib/apt/lists/*
 
-ARG PYTHON_VERSION=3.10.13
+ARG PYTHON_VERSION=3.11.5
 ARG PYENV_GIT_TAG=v2.3.25
 
 ENV PYENV_ROOT=/opt/python