diff --git a/requirements.txt b/requirements.txt
index 87d71b96a7..b0cb4b6829 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,7 +1,7 @@
 numpy == 1.22.0
 scipy == 1.7.3
 pandas == 1.3.5
-matplotlib == 3.5.1
+matplotlib == 3.7.1
 cvxpy == 1.1.18
 pytest == 6.2.5 # For unit test
 pytest-xdist == 2.5.0 # For unit test