diff --git a/Makefile b/Makefile
index 59bd3c7fe..ad2c8340d 100644
--- a/Makefile
+++ b/Makefile
@@ -51,7 +51,7 @@ endif
 
 REGISTRY ?= gcr.io/k8s-staging-ingress-nginx
 
-BASE_IMAGE ?= k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd
+BASE_IMAGE ?= k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9
 
 GOARCH=$(ARCH)
 
diff --git a/TAG b/TAG
index b0d3f5912..34b28aa8a 100644
--- a/TAG
+++ b/TAG
@@ -1 +1 @@
-v0.49.1
+v0.49.2
diff --git a/images/echo/Makefile b/images/echo/Makefile
index f87aa1c76..7a93aec25 100644
--- a/images/echo/Makefile
+++ b/images/echo/Makefile
@@ -36,7 +36,7 @@ build: ensure-buildx
 		--platform=${PLATFORMS} $(OUTPUT) \
 		--progress=$(PROGRESS) \
 		--pull \
-		--build-arg BASE_IMAGE=k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd \
+		--build-arg BASE_IMAGE=k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9 \
 		--build-arg LUAROCKS_VERSION=3.3.1 \
 		--build-arg LUAROCKS_SHA=837481e408f7c06b59befe7ec194537c657687d624894bca7f79034302141a34 \
 		-t $(IMAGE):$(TAG) rootfs
diff --git a/images/nginx/README.md b/images/nginx/README.md
index c4ee8f944..d018776f5 100644
--- a/images/nginx/README.md
+++ b/images/nginx/README.md
@@ -18,7 +18,7 @@ This image provides a default configuration file with no backend servers.
 _Using docker_
 
 ```console
-docker run -v /some/nginx.con:/etc/nginx/nginx.conf:ro k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd
+docker run -v /some/nginx.conf:/etc/nginx/nginx.conf:ro k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9
 ```
 
 _Creating a replication controller_
diff --git a/images/nginx/rc.yaml b/images/nginx/rc.yaml
index e8cef4e35..043d7bfe4 100644
--- a/images/nginx/rc.yaml
+++ b/images/nginx/rc.yaml
@@ -38,7 +38,7 @@ spec:
     spec:
       containers:
         - name: nginx
-          image: k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd
+          image: k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9
           ports:
             - containerPort: 80
             - containerPort: 443
diff --git a/images/test-runner/Makefile b/images/test-runner/Makefile
index aa7d7565f..d19089d83 100644
--- a/images/test-runner/Makefile
+++ b/images/test-runner/Makefile
@@ -23,7 +23,7 @@ REGISTRY ?= local
 
 IMAGE = $(REGISTRY)/e2e-test-runner
 
-NGINX_BASE_IMAGE ?= k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd
+NGINX_BASE_IMAGE ?= k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9
 
 # required to enable buildx
 export DOCKER_CLI_EXPERIMENTAL=enabled
diff --git a/test/e2e/framework/deployment.go b/test/e2e/framework/deployment.go
index 4f01fab9e..444045036 100644
--- a/test/e2e/framework/deployment.go
+++ b/test/e2e/framework/deployment.go
@@ -38,7 +38,7 @@ const SlowEchoService = "slow-echo"
 const HTTPBinService = "httpbin"
 
 // NginxBaseImage use for testing
-const NginxBaseImage = "k8s.gcr.io/ingress-nginx/nginx:v20210915-g498892514@sha256:8c1e48123e64e3f2b90ed32a53babd9b5f5431dad26beecdcb8fc185ded3b6dd"
+const NginxBaseImage = "k8s.gcr.io/ingress-nginx/nginx:v20210926-g5662db450@sha256:1ef404b5e8741fe49605a1f40c3fdd8ef657aecdb9526ea979d1672eeabd0cd9"
 
 // NewEchoDeployment creates a new single replica deployment of the echoserver image in a particular namespace
 func (f *Framework) NewEchoDeployment() {