diff --git a/README.md b/README.md
index 2069cb4c34494f6e84ce8aaf216775fa73aaa21b..94a62b9780509037376b89b6a4728b15ba075a9e 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@ In order to include this template in your project, add the following to your `gi
 ```yaml
 include:
   - project: 'to-be-continuous/python'
-    ref: '1.2.0'
+    ref: '1.2.1'
     file: '/templates/gitlab-ci-python.yml'
 ```
 
diff --git a/templates/gitlab-ci-python.yml b/templates/gitlab-ci-python.yml
index b849f81858ac540e444b10e6dc927bb0971d7c6d..26b314198ff401ee60f7860c88cbf8e6a43b93cb 100644
--- a/templates/gitlab-ci-python.yml
+++ b/templates/gitlab-ci-python.yml
@@ -305,7 +305,7 @@ variables:
     fi
   }
 
-  if [[ -z "$TEMPLATE_CHECK_UPDATE_DISABLED" ]]; then check_for_update python "1.2.0"; fi
+  if [[ -z "$TEMPLATE_CHECK_UPDATE_DISABLED" ]]; then check_for_update python "1.2.1"; fi
   unscope_variables
 
   # ENDSCRIPT
@@ -317,7 +317,7 @@ variables:
   image: $PYTHON_IMAGE
   services:
     - name: "$CI_REGISTRY/to-be-continuous/tools/tracking:master"
-      command: ["--service", "python", "1.2.0"]
+      command: ["--service", "python", "1.2.1"]
   # Cache downloaded dependencies and plugins between builds.
   # To keep cache across branches add 'key: "$CI_JOB_NAME"'
   cache: