diff --git a/propagator/ottrace/opentelemetry-propagator-ottrace.gemspec b/propagator/ottrace/opentelemetry-propagator-ottrace.gemspec
index 7d3b3894d..9e4aa0bcc 100644
--- a/propagator/ottrace/opentelemetry-propagator-ottrace.gemspec
+++ b/propagator/ottrace/opentelemetry-propagator-ottrace.gemspec
@@ -29,7 +29,7 @@ Gem::Specification.new do |spec|
   spec.add_development_dependency 'minitest', '~> 5.0'
   spec.add_development_dependency 'rake', '~> 13.0'
   spec.add_development_dependency 'rubocop', '~> 1.68.0'
-  spec.add_development_dependency 'rubocop-performance', '~> 1.22.0'
+  spec.add_development_dependency 'rubocop-performance', '~> 1.23.0'
   spec.add_development_dependency 'simplecov', '~> 0.22.0'
   spec.add_development_dependency 'yard', '~> 0.9'