diff --git a/.gitlab-ci.yml b/.gitlab-ci.yml
index 51fe917b92606a8add4f9f31ebc5a48196ee8389..68b1597bdd2e5c722b4c8505ae2cc9e8cfc317ad 100644
--- a/.gitlab-ci.yml
+++ b/.gitlab-ci.yml
@@ -13,7 +13,7 @@ variables:
 
 .deploy:
   image:
-    name: 'europe-north1-docker.pkg.dev/holi-shared/docker-hub-remote/hashicorp/terraform:1.11.2'
+    name: 'europe-north1-docker.pkg.dev/holi-shared/docker-hub-remote/hashicorp/terraform:1.11.3'
     # default entrypoint is terraform command, but we want to run shell scripts
     entrypoint: ['/bin/sh', '-c']
   variables:
@@ -110,7 +110,7 @@ review_smoketest:
 review_destroy:
   needs: ['review_deploy']
   image:
-    name: 'europe-north1-docker.pkg.dev/holi-shared/docker-hub-remote/hashicorp/terraform:1.11.2'
+    name: 'europe-north1-docker.pkg.dev/holi-shared/docker-hub-remote/hashicorp/terraform:1.11.3'
     # default entrypoint is terraform command, but we want to run shell scripts
     entrypoint: ['/bin/sh', '-c']
   variables:
diff --git a/.terraform-version b/.terraform-version
index ca7176690dd6f501842f3ef4b70bb32118edb489..0a5af26df3fdb942eedebe0384f46578cb03aa08 100644
--- a/.terraform-version
+++ b/.terraform-version
@@ -1 +1 @@
-1.11.2
+1.11.3