diff --git a/.github/workflows/code-checks.yml b/.github/workflows/code-checks.yml
index 7141b02cac376..8a74ae14404b3 100644
--- a/.github/workflows/code-checks.yml
+++ b/.github/workflows/code-checks.yml
@@ -74,7 +74,7 @@ jobs:
 
     - name: Install pyright
       # note: keep version in sync with .pre-commit-config.yaml
-      run: npm install -g pyright@1.1.202
+      run: npm install -g pyright@1.1.212
 
     - name: Build Pandas
       id: build
diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index f72450a18312e..6de9bd786404f 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -84,8 +84,8 @@ repos:
         pass_filenames: false
         types: [python]
         stages: [manual]
-        # note: keep version in sync with .github/workflows/ci.yml
-        additional_dependencies: ['pyright@1.1.202']
+        # note: keep version in sync with .github/workflows/code-checks.yml
+        additional_dependencies: ['pyright@1.1.212']
 -   repo: local
     hooks:
     -   id: flake8-rst
diff --git a/doc/source/whatsnew/v1.5.0.rst b/doc/source/whatsnew/v1.5.0.rst
index fa19a49b7ff45..94edbdea8e72c 100644
--- a/doc/source/whatsnew/v1.5.0.rst
+++ b/doc/source/whatsnew/v1.5.0.rst
@@ -72,9 +72,10 @@ If installed, we now require:
 +-----------------+-----------------+----------+---------+
 | Package         | Minimum Version | Required | Changed |
 +=================+=================+==========+=========+
-|                 |                 |    X     |    X    |
+| mypy (dev)      | 0.931           |          |    X    |
 +-----------------+-----------------+----------+---------+
 
+
 For `optional libraries <https://pandas.pydata.org/docs/getting_started/install.html>`_ the general recommendation is to use the latest version.
 The following table lists the lowest version per library that is currently being tested throughout the development of pandas.
 Optional libraries below the lowest tested version may still work, but are not considered supported.
diff --git a/environment.yml b/environment.yml
index 15dd329f80deb..5e8e9bbba56e7 100644
--- a/environment.yml
+++ b/environment.yml
@@ -24,7 +24,7 @@ dependencies:
   - flake8-bugbear=21.3.2  # used by flake8, find likely bugs
   - flake8-comprehensions=3.7.0  # used by flake8, linting of unnecessary comprehensions
   - isort>=5.2.1  # check that imports are in the right order
-  - mypy=0.930
+  - mypy=0.931
   - pre-commit>=2.9.2
   - pycodestyle  # used by flake8
   - pyupgrade
diff --git a/pyproject.toml b/pyproject.toml
index c858465bc79d2..c3ed07defa60d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -149,7 +149,7 @@ skip = "pandas/__init__.py"
 
 [tool.pyright]
 pythonVersion = "3.8"
-typeCheckingMode = "strict"
+typeCheckingMode = "basic"
 include = ["pandas", "typings"]
 exclude = ["pandas/tests", "pandas/io/clipboard", "pandas/util/version"]
 reportGeneralTypeIssues = false
diff --git a/requirements-dev.txt b/requirements-dev.txt
index f199d084371d9..5713cde0ce1af 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -12,7 +12,7 @@ flake8==4.0.1
 flake8-bugbear==21.3.2
 flake8-comprehensions==3.7.0
 isort>=5.2.1
-mypy==0.930
+mypy==0.931
 pre-commit>=2.9.2
 pycodestyle
 pyupgrade