diff --git a/plugins/woocommerce-admin/package-lock.json b/plugins/woocommerce-admin/package-lock.json
index c2053471ad4..0d07e62a90d 100644
--- a/plugins/woocommerce-admin/package-lock.json
+++ b/plugins/woocommerce-admin/package-lock.json
@@ -22128,19 +22128,30 @@
       }
     },
     "raw-loader": {
-      "version": "4.0.0",
-      "resolved": "https://registry.npmjs.org/raw-loader/-/raw-loader-4.0.0.tgz",
-      "integrity": "sha512-iINUOYvl1cGEmfoaLjnZXt4bKfT2LJnZZib5N/LLyAphC+Dd11vNP9CNVb38j+SAJpFI1uo8j9frmih53ASy7Q==",
+      "version": "4.0.1",
+      "resolved": "https://registry.npmjs.org/raw-loader/-/raw-loader-4.0.1.tgz",
+      "integrity": "sha512-baolhQBSi3iNh1cglJjA0mYzga+wePk7vdEX//1dTFd+v4TsQlQE0jitJSNF1OIP82rdYulH7otaVmdlDaJ64A==",
       "dev": true,
       "requires": {
-        "loader-utils": "^1.2.3",
-        "schema-utils": "^2.5.0"
+        "loader-utils": "^2.0.0",
+        "schema-utils": "^2.6.5"
       },
       "dependencies": {
+        "loader-utils": {
+          "version": "2.0.0",
+          "resolved": "https://registry.npmjs.org/loader-utils/-/loader-utils-2.0.0.tgz",
+          "integrity": "sha512-rP4F0h2RaWSvPEkD7BLDFQnvSf+nK+wr3ESUjNTyAGobqrijmW92zc+SO6d4p4B1wh7+B/Jg1mkQe5NYUEHtHQ==",
+          "dev": true,
+          "requires": {
+            "big.js": "^5.2.2",
+            "emojis-list": "^3.0.0",
+            "json5": "^2.1.2"
+          }
+        },
         "schema-utils": {
-          "version": "2.6.5",
-          "resolved": "https://registry.npmjs.org/schema-utils/-/schema-utils-2.6.5.tgz",
-          "integrity": "sha512-5KXuwKziQrTVHh8j/Uxz+QUbxkaLW9X/86NBlx/gnKgtsZA2GIVMUn17qWhRFwF8jdYb3Dig5hRO/W5mZqy6SQ==",
+          "version": "2.6.6",
+          "resolved": "https://registry.npmjs.org/schema-utils/-/schema-utils-2.6.6.tgz",
+          "integrity": "sha512-wHutF/WPSbIi9x6ctjGGk2Hvl0VOz5l3EKEuKbjPlB30mKZUzb9A5k9yEXRX3pwyqVLPvpfZZEllaFq/M718hA==",
           "dev": true,
           "requires": {
             "ajv": "^6.12.0",
diff --git a/plugins/woocommerce-admin/package.json b/plugins/woocommerce-admin/package.json
index 3aed2063860..f0c111bc43d 100644
--- a/plugins/woocommerce-admin/package.json
+++ b/plugins/woocommerce-admin/package.json
@@ -200,7 +200,7 @@
 		"prettier": "npm:wp-prettier@1.19.1",
 		"promptly": "3.0.3",
 		"prop-types": "15.7.2",
-		"raw-loader": "4.0.0",
+		"raw-loader": "4.0.1",
 		"react-docgen": "5.3.0",
 		"readline-sync": "1.4.10",
 		"recast": "0.19.0",