diff --git a/Makefile b/Makefile
index 1bb2d74f7..7afe8da78 100644
--- a/Makefile
+++ b/Makefile
@@ -50,7 +50,7 @@ IMAGE = $(REGISTRY)/$(IMGNAME)
 MULTI_ARCH_IMG = $(IMAGE)-$(ARCH)
 
 # Set default base image dynamically for each arch
-BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.33
+BASEIMAGE?=quay.io/kubernetes-ingress-controller/nginx-$(ARCH):0.34
 
 ifeq ($(ARCH),arm)
 	QEMUARCH=arm
diff --git a/images/nginx/Makefile b/images/nginx/Makefile
index 15c39ddf5..5addb6907 100644
--- a/images/nginx/Makefile
+++ b/images/nginx/Makefile
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 # 0.0.0 shouldn't clobber any released builds
-TAG ?= 0.33
+TAG ?= 0.34
 REGISTRY ?= quay.io/kubernetes-ingress-controller
 ARCH ?= $(shell go env GOARCH)
 DOCKER ?= gcloud docker --