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McDonald's is considering a $5 meal deal. 

A source with knowledge of the company's plans said that McDonald's is thinking of introducing a $5 meal to its menu nationwide in an effort to entice customers to return to its eateries.  

According to the source, the meal may come with fries, a drink, and a choice of a McChicken, a McDouble, or four pieces of chicken nuggets.  

Regarding the introduction of the $5 lunch, representatives from McDonald's corporate headquarters are still in discussions with franchise owners, the source stated.     

Only a few weeks ago, McDonald's officials indicated that foot traffic at their locations was growing more slowly. At that time, talks were underway to launch a new low-cost meal.  

After many fast-food restaurants, like McDonald's and Subway, raised prices in recent years to counter rising labor and ingredient expenses, some consumers who are weary of inflation are cutting back on their fast-food consumption.  

In order to get customers to come back, McDonald's CEO Chris Kempczinski stated during an April 30 earnings call with analysts and investors that the company had to be "laser-focused" on keeping costs low.  

"Consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending, which is putting pressure on the industry," Kempczinski stated.   

Based on data from the personal finance website FinanceBuzz, McDonald's increased their menu pricing by the highest amount among all U.S. fast food businesses between 2014 and 2024.  

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