Twelve-month inflation fell to 1.4 percent in June across the 16-nation eurozone, after reaching its highest level in more than a year last month, official figures showed on Wednesday. Figures produced by the European Union's Eurostat data agency showed that 12-month inflation in the common currency area had risen to 1.6 percent in May, its highest level since December 2008. Eurozone inflation had risen almost continuously from 0.5 percent last November as the bloc emerges from the worst recession since the 1930s before the drop in June. Inflation remains below the European Central Bank's core economic target of close to but below two percent. 