diff --git a/package-lock.json b/package-lock.json
index 49db6d625c4..6fe0fca785d 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -112,7 +112,7 @@
 				"@woocommerce/eslint-plugin": "2.2.0",
 				"@woocommerce/woocommerce-rest-api": "1.0.1",
 				"@wordpress/api-fetch": "6.21.0",
-				"@wordpress/babel-preset-default": "7.28.0",
+				"@wordpress/babel-preset-default": "7.33.0",
 				"@wordpress/base-styles": "4.35.0",
 				"@wordpress/block-editor": "8.2.0",
 				"@wordpress/blocks": "11.1.5",
@@ -15871,9 +15871,9 @@
 			}
 		},
 		"node_modules/@wordpress/babel-plugin-import-jsx-pragma": {
-			"version": "4.27.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/babel-plugin-import-jsx-pragma/-/babel-plugin-import-jsx-pragma-4.27.0.tgz",
-			"integrity": "sha512-bq/lwaDn39MrSqlrQhXiMz6gRkqlFQAXzCbZ5Q1CL6NJ+/P5tiWRTTt/oHbC/rdItm1K4XVmscobG1Rhhyc6ZA==",
+			"version": "4.32.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/babel-plugin-import-jsx-pragma/-/babel-plugin-import-jsx-pragma-4.32.0.tgz",
+			"integrity": "sha512-ie6p5VpUxTNMPQrHdCYEPddTzmDeFTQjFi3qq17set9WbRAMaOZ8jqQhSxms0NJi8Xa6wZM9TR2ZABAlg+FTeA==",
 			"dev": true,
 			"engines": {
 				"node": ">=14"
@@ -15883,9 +15883,9 @@
 			}
 		},
 		"node_modules/@wordpress/babel-preset-default": {
-			"version": "7.28.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/babel-preset-default/-/babel-preset-default-7.28.0.tgz",
-			"integrity": "sha512-ItWr4JtUbPv8HKiI8cEoakQVgB81sahhZawCVDtiNWMCuVAELk4quQibDDigljfmLCywq3rZtSwKyC/KbVnGBw==",
+			"version": "7.33.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/babel-preset-default/-/babel-preset-default-7.33.0.tgz",
+			"integrity": "sha512-/OonEa67xJdIn0ADWEd7AJtLhIGlYALKyc17RxTmI2Ojs0zLIQNbgAv1D/cuVguo0UKK9zsMZ9MBkhSKLF9A9Q==",
 			"dev": true,
 			"dependencies": {
 				"@babel/core": "^7.16.0",
@@ -15894,9 +15894,9 @@
 				"@babel/preset-env": "^7.16.0",
 				"@babel/preset-typescript": "^7.16.0",
 				"@babel/runtime": "^7.16.0",
-				"@wordpress/babel-plugin-import-jsx-pragma": "^4.27.0",
-				"@wordpress/browserslist-config": "^5.27.0",
-				"@wordpress/warning": "^2.44.0",
+				"@wordpress/babel-plugin-import-jsx-pragma": "^4.32.0",
+				"@wordpress/browserslist-config": "^5.32.0",
+				"@wordpress/warning": "^2.49.0",
 				"browserslist": "^4.21.10",
 				"core-js": "^3.31.0",
 				"react": "^18.2.0"
@@ -15906,9 +15906,9 @@
 			}
 		},
 		"node_modules/@wordpress/babel-preset-default/node_modules/@wordpress/browserslist-config": {
-			"version": "5.27.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/browserslist-config/-/browserslist-config-5.27.0.tgz",
-			"integrity": "sha512-PDLOrlhcTPwhyMrhTy9ULoClFV0rFAoGUtXl9eXjd51U20ebvJxZzvmeGP6bfl8WkxWYyyZKeC14mjD6Yck7+A==",
+			"version": "5.32.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/browserslist-config/-/browserslist-config-5.32.0.tgz",
+			"integrity": "sha512-LrL4Zg/abXYfVwwbx1caugz4J1GUL+6WNqVF1MZQVDm6CHdlpTEQOvvr/KEi9mN1UY2YoTlxZtUxzvNRTo2Fsg==",
 			"dev": true,
 			"engines": {
 				"node": ">=14"
@@ -21408,9 +21408,9 @@
 			}
 		},
 		"node_modules/@wordpress/warning": {
-			"version": "2.44.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/warning/-/warning-2.44.0.tgz",
-			"integrity": "sha512-ZtLmd0NbPoXAMgB356ERTULx6LhHfkhyWai4/u9I3pZdt8cbhRHBXV7lBB580+wN7otyD1IHiC3dzYlg/9ByyA==",
+			"version": "2.49.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/warning/-/warning-2.49.0.tgz",
+			"integrity": "sha512-W2Nj9Nj0o2udPLf8jfGijRff3lzQgPOiLZcN4LFUPT6yyb9MxvNIg7ZVTBJL2TB78+KQKGrIH4ERjV5WyDRoEQ==",
 			"engines": {
 				"node": ">=12"
 			}
@@ -58754,16 +58754,16 @@
 			}
 		},
 		"@wordpress/babel-plugin-import-jsx-pragma": {
-			"version": "4.27.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/babel-plugin-import-jsx-pragma/-/babel-plugin-import-jsx-pragma-4.27.0.tgz",
-			"integrity": "sha512-bq/lwaDn39MrSqlrQhXiMz6gRkqlFQAXzCbZ5Q1CL6NJ+/P5tiWRTTt/oHbC/rdItm1K4XVmscobG1Rhhyc6ZA==",
+			"version": "4.32.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/babel-plugin-import-jsx-pragma/-/babel-plugin-import-jsx-pragma-4.32.0.tgz",
+			"integrity": "sha512-ie6p5VpUxTNMPQrHdCYEPddTzmDeFTQjFi3qq17set9WbRAMaOZ8jqQhSxms0NJi8Xa6wZM9TR2ZABAlg+FTeA==",
 			"dev": true,
 			"requires": {}
 		},
 		"@wordpress/babel-preset-default": {
-			"version": "7.28.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/babel-preset-default/-/babel-preset-default-7.28.0.tgz",
-			"integrity": "sha512-ItWr4JtUbPv8HKiI8cEoakQVgB81sahhZawCVDtiNWMCuVAELk4quQibDDigljfmLCywq3rZtSwKyC/KbVnGBw==",
+			"version": "7.33.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/babel-preset-default/-/babel-preset-default-7.33.0.tgz",
+			"integrity": "sha512-/OonEa67xJdIn0ADWEd7AJtLhIGlYALKyc17RxTmI2Ojs0zLIQNbgAv1D/cuVguo0UKK9zsMZ9MBkhSKLF9A9Q==",
 			"dev": true,
 			"requires": {
 				"@babel/core": "^7.16.0",
@@ -58772,18 +58772,18 @@
 				"@babel/preset-env": "^7.16.0",
 				"@babel/preset-typescript": "^7.16.0",
 				"@babel/runtime": "^7.16.0",
-				"@wordpress/babel-plugin-import-jsx-pragma": "^4.27.0",
-				"@wordpress/browserslist-config": "^5.27.0",
-				"@wordpress/warning": "^2.44.0",
+				"@wordpress/babel-plugin-import-jsx-pragma": "^4.32.0",
+				"@wordpress/browserslist-config": "^5.32.0",
+				"@wordpress/warning": "^2.49.0",
 				"browserslist": "^4.21.10",
 				"core-js": "^3.31.0",
 				"react": "^18.2.0"
 			},
 			"dependencies": {
 				"@wordpress/browserslist-config": {
-					"version": "5.27.0",
-					"resolved": "https://registry.npmjs.org/@wordpress/browserslist-config/-/browserslist-config-5.27.0.tgz",
-					"integrity": "sha512-PDLOrlhcTPwhyMrhTy9ULoClFV0rFAoGUtXl9eXjd51U20ebvJxZzvmeGP6bfl8WkxWYyyZKeC14mjD6Yck7+A==",
+					"version": "5.32.0",
+					"resolved": "https://registry.npmjs.org/@wordpress/browserslist-config/-/browserslist-config-5.32.0.tgz",
+					"integrity": "sha512-LrL4Zg/abXYfVwwbx1caugz4J1GUL+6WNqVF1MZQVDm6CHdlpTEQOvvr/KEi9mN1UY2YoTlxZtUxzvNRTo2Fsg==",
 					"dev": true
 				},
 				"core-js": {
@@ -62727,9 +62727,9 @@
 			}
 		},
 		"@wordpress/warning": {
-			"version": "2.44.0",
-			"resolved": "https://registry.npmjs.org/@wordpress/warning/-/warning-2.44.0.tgz",
-			"integrity": "sha512-ZtLmd0NbPoXAMgB356ERTULx6LhHfkhyWai4/u9I3pZdt8cbhRHBXV7lBB580+wN7otyD1IHiC3dzYlg/9ByyA=="
+			"version": "2.49.0",
+			"resolved": "https://registry.npmjs.org/@wordpress/warning/-/warning-2.49.0.tgz",
+			"integrity": "sha512-W2Nj9Nj0o2udPLf8jfGijRff3lzQgPOiLZcN4LFUPT6yyb9MxvNIg7ZVTBJL2TB78+KQKGrIH4ERjV5WyDRoEQ=="
 		},
 		"@wordpress/wordcount": {
 			"version": "3.47.0",
diff --git a/package.json b/package.json
index f699dc33584..678e11a9997 100644
--- a/package.json
+++ b/package.json
@@ -167,7 +167,7 @@
 		"@woocommerce/eslint-plugin": "2.2.0",
 		"@woocommerce/woocommerce-rest-api": "1.0.1",
 		"@wordpress/api-fetch": "6.21.0",
-		"@wordpress/babel-preset-default": "7.28.0",
+		"@wordpress/babel-preset-default": "7.33.0",
 		"@wordpress/base-styles": "4.35.0",
 		"@wordpress/block-editor": "8.2.0",
 		"@wordpress/blocks": "11.1.5",