diff --git a/NEWS.md b/NEWS.md
index 815158a5c..6c99ee2bf 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -4,9 +4,10 @@
 
 ### New APIs versions
 * Provides `item-storage v10.1`
-* Provides `inventory-hierarchy 0.4`
+* Provides `inventory-hierarchy 0.5`
 
 ### Features
+* Provide inventory hierarchy response with new displaySummary field ([MODINVSTOR-1170](https://folio-org.atlassian.net/browse/MODINVSTOR-1170))
 * Add location properties and material type id to inventory-hierarchy items-and-holdings response ([MODINVSTOR-1133](https://issues.folio.org/browse/MODINVSTOR-1133))
 * Add new field "Display summary" for the item schema ([MODINVSTOR-1154](https://issues.folio.org/browse/MODINVSTOR-1154))
 * Add new Identifier type Cancelled LCCN ([MODINVSTOR-1156](https://folio-org.atlassian.net/browse/MODINVSTOR-1156))
diff --git a/descriptors/ModuleDescriptor-template.json b/descriptors/ModuleDescriptor-template.json
index 3cb20baba..68be532cf 100755
--- a/descriptors/ModuleDescriptor-template.json
+++ b/descriptors/ModuleDescriptor-template.json
@@ -1212,7 +1212,7 @@
     },
     {
       "id": "inventory-hierarchy",
-      "version": "0.4",
+      "version": "0.5",
       "handlers": [
         {
           "methods": ["GET"],
diff --git a/ramls/examples/inventory-items-and-holdings.json b/ramls/examples/inventory-items-and-holdings.json
index 318f21e9c..54f8fd551 100644
--- a/ramls/examples/inventory-items-and-holdings.json
+++ b/ramls/examples/inventory-items-and-holdings.json
@@ -161,6 +161,7 @@
       "volume": "volume",
       "enumeration": "enumeration",
       "chronology": "chronology",
+      "displaySummary": "displaySummary",
       "yearCaption": [
         "Year, caption"
       ],
diff --git a/ramls/inventory-hierarchy/inventory-instance-records.json b/ramls/inventory-hierarchy/inventory-instance-records.json
index 722092374..b8342b307 100644
--- a/ramls/inventory-hierarchy/inventory-instance-records.json
+++ b/ramls/inventory-hierarchy/inventory-instance-records.json
@@ -609,6 +609,10 @@
             "description": "Descriptive information for the dating scheme of a serial",
             "type": "string"
           },
+          "displaySummary": {
+            "description": "Display summary about the item",
+            "type": "string"
+          },
           "yearCaption": {
             "description": "Character(s) used to label a level of chronology, e.g., year 1985",
             "type": "array",
diff --git a/src/main/resources/templates/db_scripts/inventory-hierarchy/updateRecordsViewFunctionToSupportAdditionalFields.sql b/src/main/resources/templates/db_scripts/inventory-hierarchy/updateRecordsViewFunctionToSupportAdditionalFields.sql
index 3dce3e345..a55ede2e7 100644
--- a/src/main/resources/templates/db_scripts/inventory-hierarchy/updateRecordsViewFunctionToSupportAdditionalFields.sql
+++ b/src/main/resources/templates/db_scripts/inventory-hierarchy/updateRecordsViewFunctionToSupportAdditionalFields.sql
@@ -166,6 +166,7 @@ WITH
                                                                  'volume', item.jsonb ->> 'volume',
                                                                  'enumeration', item.jsonb ->> 'enumeration',
                                                                  'chronology', item.jsonb ->>'chronology',
+                                                                 'displaySummary', item.jsonb ->>'displaySummary',
                                                                  'yearCaption', item.jsonb -> 'yearCaption',
                                                                  'itemIdentifier', item.jsonb ->> 'itemIdentifier',
                                                                  'numberOfPieces', item.jsonb ->> 'numberOfPieces',