diff --git a/python-pip.spec b/python-pip.spec
index 676979a..07d309f 100644
--- a/python-pip.spec
+++ b/python-pip.spec
@@ -13,7 +13,7 @@
 %endif
 
 %global srcname pip
-%global base_version 21.1.1
+%global base_version 21.1.2
 %global upstream_version %{base_version}%{?prerel}
 %global python_wheelname %{srcname}-%{upstream_version}-py3-none-any.whl
 %global python_wheeldir %{_datadir}/python-wheels
@@ -22,7 +22,7 @@
 
 Name:           python-%{srcname}
 Version:        %{base_version}%{?prerel:~%{prerel}}
-Release:        3%{?dist}
+Release:        1%{?dist}
 Summary:        A tool for installing and managing Python packages
 
 # We bundle a lot of libraries with pip, which itself is under MIT license.
@@ -390,6 +390,10 @@ pytest_k='not completion and
 %{python_wheeldir}/%{python_wheelname}
 
 %changelog
+* Mon Jun 07 2021 Karolina Surma <ksurma@redhat.com> - 21.1.2-1
+- Update to 21.1.2
+Resolves: rhbz#1963433
+
 * Fri Jun 04 2021 Python Maint <python-maint@redhat.com> - 21.1.1-3
 - Rebuilt for Python 3.10
 
diff --git a/sources b/sources
index 9a3e5d8..2b78f39 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (pip-21.1.1.tar.gz) = 05157ed586597f16948afdad43d98cc095803d2d22b1427ac1028ca2a73a26d65e597446808194343ed36f9eb7cb910ac89e73a6a9a90ee868ec822fdbe641c5
+SHA512 (pip-21.1.2.tar.gz) = 54a2b6074fcb2640868dedcabb5087b79a53a8ad57ec4ab5acf2862b8037403d8f156c2853ab60c2f10c6af999a0a90774f0bc3eca2978a82590935d37af167f