PyPi is now showing matplotlib at 1.1.0 so this issue is resolved. Install matplotlib via:
pip install matplotlib
I've experienced the same problem. I have no idea why it happens, but I do have a fix; use the -f option in pip to tell it where to find the matplotlib sources. (This works in requirements.txt as well).
pip install -f http://downloads.sourceforge.net/project/matplotlib/matplotlib/matplotlib-1.0/matplotlib-1.0.0.tar.gz matplotlib