diff --git a/Cargo.lock b/Cargo.lock
index 4f7cfecf40..00d62d7bae 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3104,11 +3104,10 @@ dependencies = [
 
 [[package]]
 name = "tracing"
-version = "0.1.37"
+version = "0.1.39"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8ce8c33a8d48bd45d624a6e523445fd21ec13d3653cd51f681abf67418f54eb8"
+checksum = "ee2ef2af84856a50c1d430afce2fdded0a4ec7eda868db86409b4543df0797f9"
 dependencies = [
- "cfg-if",
  "log",
  "pin-project-lite",
  "tracing-attributes",
@@ -3117,9 +3116,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.26"
+version = "0.1.27"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5f4f31f56159e98206da9efd823404b79b6ef3143b4a7ab76e67b1751b25a4ab"
+checksum = "34704c8d6ebcbc939824180af020566b01a7c01f80641264eba0999f6c2b6be7"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -3128,9 +3127,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-core"
-version = "0.1.31"
+version = "0.1.32"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0955b8137a1df6f1a2e9a37d8a6656291ff0297c1a97c24e0d8425fe2312f79a"
+checksum = "c06d3da6113f116aaee68e4d601191614c9053067f9ab7f6edbcb161237daa54"
 dependencies = [
  "once_cell",
  "valuable",
diff --git a/Cargo.toml b/Cargo.toml
index 5c90bd89b7..fe8da2ab25 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -46,7 +46,7 @@ syn = { version = "2.0.38" }
 test-case = { version = "3.2.1" }
 thiserror = { version = "1.0.49" }
 toml = { version = "0.7.8" }
-tracing = { version = "0.1.37" }
+tracing = { version = "0.1.39" }
 tracing-indicatif = { version = "0.3.4" }
 tracing-subscriber = { version = "0.3.17", features = ["env-filter"] }
 unicode-ident = { version = "1.0.12" }
diff --git a/crates/ruff_formatter/src/printer/mod.rs b/crates/ruff_formatter/src/printer/mod.rs
index 4535234fa3..eda85658e3 100644
--- a/crates/ruff_formatter/src/printer/mod.rs
+++ b/crates/ruff_formatter/src/printer/mod.rs
@@ -54,7 +54,7 @@ impl<'a> Printer<'a> {
 
     /// Prints the passed in element as well as all its content,
     /// starting at the specified indentation level
-    #[tracing::instrument(name = "Printer::print", skip_all)]
+    #[tracing::instrument(level = "debug", name = "Printer::print", skip_all)]
     pub fn print_with_indent(
         mut self,
         document: &'a Document,