diff --git a/package.json b/package.json
index 2755d21743bbf..5824529dac3ec 100644
--- a/package.json
+++ b/package.json
@@ -7,7 +7,7 @@
     "url": "https://github.com/gatsbyjs/gatsby/issues"
   },
   "dependencies": {
-    "@babel/runtime": "^7.15.4",
+    "@babel/runtime": "^7.20.7",
     "chokidar": "^3.5.3",
     "file-type": "^16.5.4",
     "fs-extra": "^10.1.0",
@@ -19,8 +19,8 @@
     "xstate": "^4.34.0"
   },
   "devDependencies": {
-    "@babel/cli": "^7.15.4",
-    "@babel/core": "^7.15.5",
+    "@babel/cli": "^7.20.7",
+    "@babel/core": "^7.20.7",
     "babel-preset-gatsby-package": "^3.4.0-next.1",
     "cross-env": "^7.0.3"
   },