I would like to shift the text in the label slightly. I have already placed the text on the right by aligning in the attributes inspector. But I would like to move it slightly to the left. Not sure what button to press. I have looked through all the features in attributes inspector, but still not able to find it.
Here is how it looks like now: 
Like to move the zero slightly to the left somemore. How do i do it?
If you want to move the text within the label, you will have to subclass UILabel and override drawTextInRect: like this:
This will move the text 10 points to the left if you have the text right justified.