Prices fell last month for the first time since April 2020

(CNN)– New numbers from the commerce department have some hoping the days of high inflation may be nearing an end.

After more than three years of prices increasing steadily and sometimes sharply month after month they fell in November.

Last month for the first time since April 2020 prices fell on a monthly basis.

November’s personal consumption expenditures price index dropped .1% from the month before.

Bringing the annual inflation rate to 2.6%.

Core inflation which excludes energy and food prices cooled to 3.2% year-over-year in November.