diff --git a/Makefile b/Makefile
index 47debdc59c..3f1fcc4997 100644
--- a/Makefile
+++ b/Makefile
@@ -59,7 +59,7 @@ IMAGE = $(REGISTRY)/$(IMGNAME)
 MULTI_ARCH_IMG = $(IMAGE)-$(ARCH)
 
 # Set default base image dynamically for each arch
-BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.53
+BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.54
 
 ifeq ($(ARCH),arm)
 	QEMUARCH=arm