diff --git a/.changes/unreleased/Dependencies-20231212-195417.yaml b/.changes/unreleased/Dependencies-20231212-195417.yaml
new file mode 100644
index 000000000..2117f6ead
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20231212-195417.yaml
@@ -0,0 +1,6 @@
+kind: "Dependencies"
+body: "Update black requirement from ~=23.11 to ~=23.12"
+time: 2023-12-12T19:54:17.00000Z
+custom:
+  Author: dependabot[bot]
+  PR: 688
diff --git a/dev-requirements.txt b/dev-requirements.txt
index 3ab47c167..85de417dd 100644
--- a/dev-requirements.txt
+++ b/dev-requirements.txt
@@ -6,7 +6,7 @@ git+https://github.com/dbt-labs/dbt-core.git#egg=dbt-postgres&subdirectory=plugi
 
 # if version 1.x or greater -> pin to major version
 # if version 0.x -> pin to minor
-black~=23.11
+black~=23.12
 bumpversion~=0.6.0
 click~=8.1
 ddtrace~=2.3