diff --git a/Pipfile b/Pipfile
index 5a33f109..3e510142 100644
--- a/Pipfile
+++ b/Pipfile
@@ -11,7 +11,7 @@ pytest = "==8.0.0"
 pytest-benchmark = "==4"
 pytest-cov = "==4.1.0"
 mypy = "==1.8.0"
-black = {version = "==23.12.1", markers="python_version >= '3.8'"}
+black = {version = "==24.1.1", markers="python_version >= '3.8'"}
 tbump = "==6.11.0"
 sphinx = {version = "==7.2.6", markers="python_version >= '3.9'"}
 ruff = "==0.1.14"
diff --git a/benchmarks/__init__.py b/benchmarks/__init__.py
index 99a8d361..81fe5ccb 100644
--- a/benchmarks/__init__.py
+++ b/benchmarks/__init__.py
@@ -1,6 +1,5 @@
 """MatchBoxes benchamr tests."""
 
-
 from collections import namedtuple
 
 Chair = namedtuple(
diff --git a/benchmarks/test_matchbox_add.py b/benchmarks/test_matchbox_add.py
index 285935bb..9df5f2c0 100644
--- a/benchmarks/test_matchbox_add.py
+++ b/benchmarks/test_matchbox_add.py
@@ -1,4 +1,5 @@
 """Reference performance tests - adding entities to MatchBox."""
+
 from collections import namedtuple
 from typing import Any, Set, Tuple
 
diff --git a/benchmarks/test_matchbox_match.py b/benchmarks/test_matchbox_match.py
index 755650f3..1712b413 100644
--- a/benchmarks/test_matchbox_match.py
+++ b/benchmarks/test_matchbox_match.py
@@ -1,4 +1,5 @@
 """Benchmark tests comparing different approaches to same problem - finiding fitting element."""
+
 from random import Random
 from typing import List, Optional, Set, Union
 
diff --git a/docs/source/conf.py b/docs/source/conf.py
index adbaea8f..93bccab2 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -1,4 +1,5 @@
 """Documentation configuration."""
+
 import os
 import pathlib
 import sys
diff --git a/newsfragments/534.misc.rst b/newsfragments/534.misc.rst
new file mode 100644
index 00000000..96d5129b
--- /dev/null
+++ b/newsfragments/534.misc.rst
@@ -0,0 +1 @@
+Update code formatting with black 24.1
\ No newline at end of file
diff --git a/tests/test_base.py b/tests/test_base.py
index 1a9583c6..2a214d52 100644
--- a/tests/test_base.py
+++ b/tests/test_base.py
@@ -1,4 +1,5 @@
 """Tests for basic functionality of MatchBox and basic data structure."""
+
 from collections import defaultdict
 from typing import Any, List, Union
 
diff --git a/tests/test_match.py b/tests/test_match.py
index 42d1e4a9..4868375c 100644
--- a/tests/test_match.py
+++ b/tests/test_match.py
@@ -1,4 +1,5 @@
 """Tests for match method."""
+
 from typing import Any, List, Union
 
 import pytest
diff --git a/tests/test_match_complex.py b/tests/test_match_complex.py
index fe89b360..c18ee9c2 100644
--- a/tests/test_match_complex.py
+++ b/tests/test_match_complex.py
@@ -1,4 +1,5 @@
 """Tests for complex examples of MatchBox."""
+
 from matchbox.box import MatchBox
 from tests import Entity