diff --git a/packages/cli/package.json b/packages/cli/package.json
index 3b69e9b1b5..492cd3b958 100644
--- a/packages/cli/package.json
+++ b/packages/cli/package.json
@@ -41,7 +41,7 @@
     "@spotify/eslint-config": "^7.0.1",
     "@sucrase/webpack-loader": "^2.0.0",
     "@svgr/plugin-jsx": "5.4.x",
-    "@svgr/plugin-svgo": "4.3.x",
+    "@svgr/plugin-svgo": "5.4.x",
     "@svgr/rollup": "5.4.x",
     "@svgr/webpack": "5.4.x",
     "@types/start-server-webpack-plugin": "^2.2.0",
diff --git a/yarn.lock b/yarn.lock
index d86f62d9f0..add67f0fcf 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3693,16 +3693,7 @@
     "@svgr/hast-util-to-babel-ast" "^5.4.0"
     svg-parser "^2.0.2"
 
-"@svgr/plugin-svgo@4.3.x":
-  version "4.3.1"
-  resolved "https://registry.npmjs.org/@svgr/plugin-svgo/-/plugin-svgo-4.3.1.tgz#daac0a3d872e3f55935c6588dd370336865e9e32"
-  integrity sha512-PrMtEDUWjX3Ea65JsVCwTIXuSqa3CG9px+DluF1/eo9mlDrgrtFE7NE/DjdhjJgSM9wenlVBzkzneSIUgfUI/w==
-  dependencies:
-    cosmiconfig "^5.2.1"
-    merge-deep "^3.0.2"
-    svgo "^1.2.2"
-
-"@svgr/plugin-svgo@^5.4.0":
+"@svgr/plugin-svgo@5.4.x", "@svgr/plugin-svgo@^5.4.0":
   version "5.4.0"
   resolved "https://registry.npmjs.org/@svgr/plugin-svgo/-/plugin-svgo-5.4.0.tgz#45d9800b7099a6f7b4d85ebac89ab9abe8592f64"
   integrity sha512-3Cgv3aYi1l6SHyzArV9C36yo4kgwVdF3zPQUC6/aCDUeXAofDYwE5kk3e3oT5ZO2a0N3lB+lLGvipBG6lnG8EA==
@@ -7863,7 +7854,7 @@ cosmiconfig@6.0.0, cosmiconfig@^6.0.0:
     path-type "^4.0.0"
     yaml "^1.7.2"
 
-cosmiconfig@^5.0.0, cosmiconfig@^5.1.0, cosmiconfig@^5.2.1:
+cosmiconfig@^5.0.0, cosmiconfig@^5.1.0:
   version "5.2.1"
   resolved "https://registry.npmjs.org/cosmiconfig/-/cosmiconfig-5.2.1.tgz#040f726809c591e77a17c0a3626ca45b4f168b1a"
   integrity sha512-H65gsXo1SKjf8zmrJ67eJk8aIRKV5ff2D4uKZIBZShbhGSpEmsQOPW/SKMKYhSTrqR7ufy6RP69rPogdaPh/kA==