diff --git a/Lib/ensurepip/__init__.py b/Lib/ensurepip/__init__.py
index 23fe7a82eb0..c5350df2704 100644
--- a/Lib/ensurepip/__init__.py
+++ b/Lib/ensurepip/__init__.py
@@ -10,7 +10,7 @@ from shutil import copy2
 
 
 __all__ = ["version", "bootstrap"]
-_PIP_VERSION = "24.1.1"
+_PIP_VERSION = "24.2"
 
 # Directory of system wheel packages. Some Linux distribution packaging
 # policies recommend against bundling dependencies. For example, Fedora
diff --git a/Lib/ensurepip/_bundled/pip-24.1.1-py3-none-any.whl b/Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl
similarity index 76%
rename from Lib/ensurepip/_bundled/pip-24.1.1-py3-none-any.whl
rename to Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl
index e27568eb8b3..542cdd1e728 100644
Binary files a/Lib/ensurepip/_bundled/pip-24.1.1-py3-none-any.whl and b/Lib/ensurepip/_bundled/pip-24.2-py3-none-any.whl differ
diff --git a/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst b/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst
new file mode 100644
index 00000000000..18ac3dd10d6
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2024-08-06-18-07-19.gh-issue-122744.kCzNDI.rst
@@ -0,0 +1 @@
+Bump the version of pip bundled in ensurepip to version 24.2.