diff --git a/ChangeLog b/ChangeLog
index a760172d10..faccda681d 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -17,6 +17,13 @@ Release date: TBA
 
 * Reduce file system access in ``ast_from_file()``.
 
+* Fix incorrect cache keys for inference results, thereby correctly inferring types
+  for calls instantiating types dynamically.
+
+  Closes #1828
+  Closes pylint-dev/pylint#7464
+  Closes pylint-dev/pylint#8074
+
 * ``nodes.FunctionDef`` no longer inherits from ``nodes.Lambda``.
   This is a breaking change but considered a bug fix as the nodes did not share the same
   API and were not interchangeable.
diff --git a/astroid/inference_tip.py b/astroid/inference_tip.py
index 5b855c9e77..92cb6b4fe1 100644
--- a/astroid/inference_tip.py
+++ b/astroid/inference_tip.py
@@ -9,6 +9,7 @@
 import sys
 from collections.abc import Callable, Iterator
 
+from astroid.context import InferenceContext
 from astroid.exceptions import InferenceOverwriteError, UseInferenceDefault
 from astroid.nodes import NodeNG
 from astroid.typing import InferenceResult, InferFn
@@ -20,7 +21,11 @@
 
 _P = ParamSpec("_P")
 
-_cache: dict[tuple[InferFn, NodeNG], list[InferenceResult] | None] = {}
+_cache: dict[
+    tuple[InferFn, NodeNG, InferenceContext | None], list[InferenceResult]
+] = {}
+
+_CURRENTLY_INFERRING: set[tuple[InferFn, NodeNG]] = set()
 
 
 def clear_inference_tip_cache() -> None:
@@ -35,16 +40,25 @@ def _inference_tip_cached(
 
     def inner(*args: _P.args, **kwargs: _P.kwargs) -> Iterator[InferenceResult]:
         node = args[0]
-        try:
-            result = _cache[func, node]
+        context = args[1]
+        partial_cache_key = (func, node)
+        if partial_cache_key in _CURRENTLY_INFERRING:
             # If through recursion we end up trying to infer the same
             # func + node we raise here.
-            if result is None:
-                raise UseInferenceDefault()
+            raise UseInferenceDefault
+        try:
+            return _cache[func, node, context]
         except KeyError:
-            _cache[func, node] = None
-            result = _cache[func, node] = list(func(*args, **kwargs))
-            assert result
+            # Recursion guard with a partial cache key.
+            # Using the full key causes a recursion error on PyPy.
+            # It's a pragmatic compromise to avoid so much recursive inference
+            # with slightly different contexts while still passing the simple
+            # test cases included with this commit.
+            _CURRENTLY_INFERRING.add(partial_cache_key)
+            result = _cache[func, node, context] = list(func(*args, **kwargs))
+            # Remove recursion guard.
+            _CURRENTLY_INFERRING.remove(partial_cache_key)
+
         return iter(result)
 
     return inner
diff --git a/tests/brain/test_brain.py b/tests/brain/test_brain.py
index 00a023ddb0..4a016868cb 100644
--- a/tests/brain/test_brain.py
+++ b/tests/brain/test_brain.py
@@ -930,13 +930,7 @@ class A:
         assert inferred.value == 42
 
     def test_typing_cast_multiple_inference_calls(self) -> None:
-        """Inference of an outer function should not store the result for cast.
-
-        https://github.com/pylint-dev/pylint/issues/8074
-
-        Possible solution caused RecursionErrors with Python 3.8 and CPython + PyPy.
-        https://github.com/pylint-dev/astroid/pull/1982
-        """
+        """Inference of an outer function should not store the result for cast."""
         ast_nodes = builder.extract_node(
             """
         from typing import TypeVar, cast
@@ -954,7 +948,7 @@ def ident(var: T) -> T:
 
         i1 = next(ast_nodes[1].infer())
         assert isinstance(i1, nodes.Const)
-        assert i1.value == 2  # should be "Hello"!
+        assert i1.value == "Hello"
 
 
 class ReBrainTest(unittest.TestCase):
diff --git a/tests/test_regrtest.py b/tests/test_regrtest.py
index 31d9e6b84b..59d344b954 100644
--- a/tests/test_regrtest.py
+++ b/tests/test_regrtest.py
@@ -336,6 +336,27 @@ def d(self):
         assert isinstance(inferred, Instance)
         assert inferred.qname() == ".A"
 
+    def test_inference_context_consideration(self) -> None:
+        """https://github.com/PyCQA/astroid/issues/1828"""
+        code = """
+        class Base:
+            def return_type(self):
+                return type(self)()
+        class A(Base):
+            def method(self):
+                return self.return_type()
+        class B(Base):
+            def method(self):
+                return self.return_type()
+        A().method() #@
+        B().method() #@
+        """
+        node1, node2 = extract_node(code)
+        inferred1 = next(node1.infer())
+        assert inferred1.qname() == ".A"
+        inferred2 = next(node2.infer())
+        assert inferred2.qname() == ".B"
+
 
 class Whatever:
     a = property(lambda x: x, lambda x: x)  # type: ignore[misc]
diff --git a/tests/test_scoped_nodes.py b/tests/test_scoped_nodes.py
index b8c55f67d3..86d69624d1 100644
--- a/tests/test_scoped_nodes.py
+++ b/tests/test_scoped_nodes.py
@@ -1771,9 +1771,7 @@ def __init__(self):
                 "FinalClass",
                 "ClassB",
                 "MixinB",
-                # We don't recognize what 'cls' is at time of .format() call, only
-                # what it is at the end.
-                # "strMixin",
+                "strMixin",
                 "ClassA",
                 "MixinA",
                 "intMixin",