diff --git a/src/core/components/operation.jsx b/src/core/components/operation.jsx
index 0fb5cafa..f441a5d0 100644
--- a/src/core/components/operation.jsx
+++ b/src/core/components/operation.jsx
@@ -83,7 +83,6 @@ export default class Operation extends PureComponent {
 
     let operation = operationProps.getIn(["op"])
     let responses = operation.get("responses")
-    let produces = operation.get("produces")
     let parameters = getList(operation, ["parameters"])
     let operationScheme = specSelectors.operationScheme(path, method)
     let isShownKey = ["operations", tag, operationId]
@@ -216,7 +215,7 @@ export default class Operation extends PureComponent {
                     specSelectors={ specSelectors }
                     oas3Actions={oas3Actions}
                     specActions={ specActions }
-                    produces={ produces }
+                    produces={specSelectors.producesOptionsFor([path, method]) }
                     producesValue={ specSelectors.currentProducesFor([path, method]) }
                     specPath={specPath.push("responses")}
                     path={ path }
diff --git a/src/core/components/parameter-row.jsx b/src/core/components/parameter-row.jsx
index 31b38f93..713df170 100644
--- a/src/core/components/parameter-row.jsx
+++ b/src/core/components/parameter-row.jsx
@@ -129,7 +129,7 @@ export default class ParameterRow extends Component {
       : <ParamBody getComponent={getComponent}
                    fn={fn}
                    param={param}
-                   consumes={ specSelectors.operationConsumes(pathMethod) }
+                   consumes={ specSelectors.consumesOptionsFor(pathMethod) }
                    consumesValue={ specSelectors.contentTypeValues(pathMethod).get("requestContentType") }
                    onChange={this.onChangeWrapper}
                    onChangeConsumes={onChangeConsumes}
diff --git a/src/core/plugins/spec/selectors.js b/src/core/plugins/spec/selectors.js
index cfc6b5fb..a7410844 100644
--- a/src/core/plugins/spec/selectors.js
+++ b/src/core/plugins/spec/selectors.js
@@ -401,12 +401,6 @@ export function contentTypeValues(state, pathMethod) {
   })
 }
 
-// Get the consumes/produces by path
-export function operationConsumes(state, pathMethod) {
-  pathMethod = pathMethod || []
-  return specJsonWithResolvedSubtrees(state).getIn(["paths", ...pathMethod, "consumes"], fromJS({}))
-}
-
 // Get the currently selected produces value for an operation
 export function currentProducesFor(state, pathMethod) {
   pathMethod = pathMethod || []
@@ -425,6 +419,48 @@ export function currentProducesFor(state, pathMethod) {
 
 }
 
+// Get the produces options for an operation
+export function producesOptionsFor(state, pathMethod) {
+  pathMethod = pathMethod || []
+
+  const spec = specJsonWithResolvedSubtrees(state)
+  const operation = spec.getIn([ "paths", ...pathMethod], null)
+
+  if(operation === null) {
+    // return nothing if the operation does not exist
+    return
+  }
+
+  const [path] = pathMethod
+
+  const operationProduces = operation.get("produces", null)
+  const pathItemProduces = spec.getIn(["paths", path, "produces"], null)
+  const globalProduces = spec.getIn(["produces"], null)
+
+  return operationProduces || pathItemProduces || globalProduces
+}
+
+// Get the consumes options for an operation
+export function consumesOptionsFor(state, pathMethod) {
+  pathMethod = pathMethod || []
+
+  const spec = specJsonWithResolvedSubtrees(state)
+  const operation = spec.getIn(["paths", ...pathMethod], null)
+
+  if (operation === null) {
+    // return nothing if the operation does not exist
+    return
+  }
+
+  const [path] = pathMethod
+
+  const operationConsumes = operation.get("consumes", null)
+  const pathItemConsumes = spec.getIn(["paths", path, "consumes"], null)
+  const globalConsumes = spec.getIn(["consumes"], null)
+
+  return operationConsumes || pathItemConsumes || globalConsumes
+}
+
 export const operationScheme = ( state, path, method ) => {
   let url = state.get("url")
   let matchResult = url.match(/^([a-z][a-z0-9+\-.]*):/)
diff --git a/test/core/plugins/spec/selectors.js b/test/core/plugins/spec/selectors.js
index 412407b2..2bb603ab 100644
--- a/test/core/plugins/spec/selectors.js
+++ b/test/core/plugins/spec/selectors.js
@@ -7,7 +7,7 @@ import {
   contentTypeValues,
   operationScheme,
   specJsonWithResolvedSubtrees,
-  operationConsumes
+  producesOptionsFor,
 } from "corePlugins/spec/selectors"
 
 import Petstore from "./assets/petstore.json"
@@ -15,7 +15,8 @@ import {
   operationWithMeta,
   parameterWithMeta,
   parameterWithMetaByIdentity,
-  parameterInclusionSettingFor
+  parameterInclusionSettingFor,
+  consumesOptionsFor
 } from "../../../../src/core/plugins/spec/selectors"
 
 describe("spec plugin - selectors", function(){
@@ -253,34 +254,6 @@ describe("spec plugin - selectors", function(){
 
   })
 
-  describe("operationConsumes", function(){
-    it("should return the operationConsumes for an operation", function(){
-      // Given
-      let state = fromJS({
-        json: {
-          paths: {
-            "/one": {
-              get: {
-                consumes: [
-                  "application/xml",
-                  "application/something-else"
-                ]
-              }
-            }
-          }
-        }
-      })
-
-      // When
-      let contentTypes = operationConsumes(state, [ "/one", "get" ])
-      // Then
-      expect(contentTypes.toJS()).toEqual([
-        "application/xml",
-        "application/something-else"
-      ])
-    })
-  })
-
   describe("operationScheme", function(){
 
     it("should return the correct scheme for a remote spec that doesn't specify a scheme", function(){
@@ -751,4 +724,264 @@ describe("spec plugin - selectors", function(){
       expect(result).toEqual(true)
     })
   })
+  describe("producesOptionsFor", function() {
+    it("should return an operation produces value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation",
+                produces: [
+                  "operation/one",
+                  "operation/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = producesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "operation/one",
+        "operation/two",
+      ])
+    })
+    it("should return a path item produces value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation",
+                produces: [
+                  "path-item/one",
+                  "path-item/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = producesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "path-item/one",
+        "path-item/two",
+      ])
+    })
+    it("should return a global produces value", function () {
+      const state = fromJS({
+        json: {
+          produces: [
+            "global/one",
+            "global/two",
+          ],
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation"
+              }
+            }
+          }
+        }
+      })
+
+      const result = producesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "global/one",
+        "global/two",
+      ])
+    })
+    it("should favor an operation produces value over a path-item value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              produces: [
+                "path-item/one",
+                "path-item/two",
+              ],
+              "get": {
+                description: "my operation",
+                produces: [
+                  "operation/one",
+                  "operation/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = producesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "operation/one",
+        "operation/two",
+      ])
+    })
+    it("should favor a path-item produces value over a global value", function () {
+      const state = fromJS({
+        json: {
+          produces: [
+            "global/one",
+            "global/two",
+          ],
+          paths: {
+            "/": {
+              produces: [
+                "path-item/one",
+                "path-item/two",
+              ],
+              "get": {
+                description: "my operation"
+              }
+            }
+          }
+        }
+      })
+
+      const result = producesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "path-item/one",
+        "path-item/two",
+      ])
+    })
+  })
+  describe("consumesOptionsFor", function() {
+    it("should return an operation consumes value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation",
+                consumes: [
+                  "operation/one",
+                  "operation/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = consumesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "operation/one",
+        "operation/two",
+      ])
+    })
+    it("should return a path item consumes value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation",
+                consumes: [
+                  "path-item/one",
+                  "path-item/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = consumesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "path-item/one",
+        "path-item/two",
+      ])
+    })
+    it("should return a global consumes value", function () {
+      const state = fromJS({
+        json: {
+          consumes: [
+            "global/one",
+            "global/two",
+          ],
+          paths: {
+            "/": {
+              "get": {
+                description: "my operation"
+              }
+            }
+          }
+        }
+      })
+
+      const result = consumesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "global/one",
+        "global/two",
+      ])
+    })
+    it("should favor an operation consumes value over a path-item value", function () {
+      const state = fromJS({
+        json: {
+          paths: {
+            "/": {
+              consumes: [
+                "path-item/one",
+                "path-item/two",
+              ],
+              "get": {
+                description: "my operation",
+                consumes: [
+                  "operation/one",
+                  "operation/two",
+                ]
+              }
+            }
+          }
+        }
+      })
+
+      const result = consumesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "operation/one",
+        "operation/two",
+      ])
+    })
+    it("should favor a path-item consumes value over a global value", function () {
+      const state = fromJS({
+        json: {
+          consumes: [
+            "global/one",
+            "global/two",
+          ],
+          paths: {
+            "/": {
+              consumes: [
+                "path-item/one",
+                "path-item/two",
+              ],
+              "get": {
+                description: "my operation"
+              }
+            }
+          }
+        }
+      })
+
+      const result = consumesOptionsFor(state, ["/", "get"])
+
+      expect(result.toJS()).toEqual([
+        "path-item/one",
+        "path-item/two",
+      ])
+    })
+  })
 })
diff --git a/test/e2e-cypress/static/documents/bugs/5043/status.yaml b/test/e2e-cypress/static/documents/bugs/5043/status.yaml
new file mode 100644
index 00000000..52d8c374
--- /dev/null
+++ b/test/e2e-cypress/static/documents/bugs/5043/status.yaml
@@ -0,0 +1,17 @@
+---
+paths:
+  findByStatus:
+    get:
+      tags:
+      - "pet"
+      summary: "Finds Pets by status"
+      description: "Multiple status values can be provided with comma separated strings"
+      operationId: "findPetsByStatus"
+      parameters:
+      - name: "status"
+        in: "body"
+        schema:
+          type: string
+      responses:
+        200:
+          description: ok
\ No newline at end of file
diff --git a/test/e2e-cypress/static/documents/bugs/5043/swagger.yaml b/test/e2e-cypress/static/documents/bugs/5043/swagger.yaml
new file mode 100644
index 00000000..7adabae7
--- /dev/null
+++ b/test/e2e-cypress/static/documents/bugs/5043/swagger.yaml
@@ -0,0 +1,44 @@
+swagger: "2.0"
+info:
+  description: "This is a sample server Petstore server.  You can find out more about     Swagger at [http://swagger.io](http://swagger.io) or on [irc.freenode.net, #swagger](http://swagger.io/irc/).      For this sample, you can use the api key `special-key` to test the authorization     filters."
+  version: "1.0.0"
+  title: "Swagger Petstore"
+  termsOfService: "http://swagger.io/terms/"
+  contact:
+    email: "apiteam@swagger.io"
+  license:
+    name: "Apache 2.0"
+    url: "http://www.apache.org/licenses/LICENSE-2.0.html"
+host: "petstore.swagger.io"
+basePath: "/v2"
+produces:
+  - application/json
+  - application/xml
+  - text/csv
+consumes:
+  - application/json
+  - application/xml
+  - text/csv
+schemes:
+- "https"
+- "http"
+paths:
+  /pet:
+    post:
+      tags:
+      - "pet"
+      summary: "Add a new pet to the store"
+      description: ""
+      operationId: "addPet"
+      parameters:
+      - in: "body"
+        name: "body"
+        description: "Pet object that needs to be added to the store"
+        required: true
+        schema:
+          $ref: "#/definitions/Pet"
+      responses:
+        405:
+          description: "Invalid input"
+  /pet/findByStatus:
+    $ref: "status.yaml#/paths/findByStatus"
\ No newline at end of file
diff --git a/test/e2e-cypress/tests/bugs/5043.js b/test/e2e-cypress/tests/bugs/5043.js
new file mode 100644
index 00000000..d0f2361c
--- /dev/null
+++ b/test/e2e-cypress/tests/bugs/5043.js
@@ -0,0 +1,32 @@
+import repeat from "lodash/repeat"
+
+describe("#5043: path-level $ref path items should inherit global consumes/produces", () => {
+  it("should render consumes options correctly", () => {
+    cy
+      .visit("/?url=/documents/bugs/5043/swagger.yaml")
+      .get("#operations-pet-findPetsByStatus")
+      .click()
+      .get(".try-out__btn")
+      .click()
+      .get(".content-type")
+      .contains("application/json")
+      .get(".content-type")
+      .contains("application/xml")
+      .get(".content-type")
+      .contains("text/csv")
+  })
+  it("should render produces options correctly", () => {
+    cy
+      .visit("/?url=/documents/bugs/5043/swagger.yaml")
+      .get("#operations-pet-findPetsByStatus")
+      .click()
+      .get(".try-out__btn")
+      .click()
+      .get(".body-param-content-type select")
+      .contains("application/json")
+      .get(".body-param-content-type select")
+      .contains("application/xml")
+      .get(".body-param-content-type select")
+      .contains("text/csv")
+  })
+})
\ No newline at end of file