McDonald's has confirmed its plans to rollout a new, limited $5 combo meal this summer in an effort to combat the rising inflation costs of fast food, CNBC reports.

The global fast food chain said it will introduce a month-long promotion beginning on June 25 offering the option of a McDouble or McChicken sandwich, along with small fries, a small soft drink and a four-piece Chicken McNuggets for $5. The announcement comes as fast food chains have raised prices by mid- to high-single-digit percentages amid the rising inflation rate.

"We know how much it means to our customers when McDonald's offers meaningful value and communicates it through national advertising. That's been true since our very beginning and never more important than it is today," McDonald's said in a statement to CNBC, which had previously reported that the company planned to bring a value offering to its menus last week.

The $5 combo meal is the latest among consumer-friendly plans announced by McDonald's this year. In April, CFO Ian Borden said via FOX Business that the company "created a larger satiating burger" as it "look[s] to further build on our leadership in beef."

"We’ll be testing this burger in a few markets later this year, ensuring that it has universal appeal before scaling it across the globe," Borden added.

McDonald's also previously offered the Double Big Mac, which included four beef patties, rather than the standard two, for a "limited time" in January. In December, the company announced plans for a major overhaul to its burgers as part of what it called its "best burgers ever," putting a focus on correcting dry patties and squishy buns.