diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 5455bbda..40a87393 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -15,7 +15,7 @@ rxjava2 = "2.2.21"
 rxjava3 = "3.1.8"
 
 managed-reactor-bom = "2023.0.1"
-managed-micrometer-context-propagation = "1.1.0"
+managed-micrometer-context-propagation = "1.1.1"
 
 micronaut-gradle-plugin = "4.2.1"