diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7926321d..3267ac1b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@
 * [BUGFIX] Fix discovering memcached instances #551
 * [BUGFIX] Fix restarting query-schedulers when config changes #559
 * [ENHANCEMENT] Run overrides-exporter with high availability #557
+* [DEPENDENCY] Update dependency nginx to v1.29 #540
 * [DEPENDENCY] Update kiwigrid/k8s-sidecar docker tag to v1.30.5 #531
 * [DEPENDENCY] Update quay.io/cortexproject/cortex Docker tag to v1.20.0 #566
 
diff --git a/README.md b/README.md
index d704a02b..0f617dfd 100644
--- a/README.md
+++ b/README.md
@@ -471,7 +471,7 @@ Kubernetes: `^1.19.0-0`
 | nginx.​http_listen_port | int | `80` |  |
 | nginx.​image.​pullPolicy | string | `"IfNotPresent"` |  |
 | nginx.​image.​repository | string | `"nginx"` |  |
-| nginx.​image.​tag | float | `1.27` |  |
+| nginx.​image.​tag | float | `1.29` |  |
 | nginx.​initContainers | list | `[]` |  |
 | nginx.​livenessProbe.​httpGet.​path | string | `"/healthz"` |  |
 | nginx.​livenessProbe.​httpGet.​port | string | `"http-metrics"` |  |
diff --git a/values.yaml b/values.yaml
index 9d53a353..18887fa4 100644
--- a/values.yaml
+++ b/values.yaml
@@ -1248,7 +1248,7 @@ nginx:
     override_push_endpoint: ""
   image:
     repository: nginx
-    tag: 1.27
+    tag: 1.29
     pullPolicy: IfNotPresent
 
   service: