Forcing label to flow inline with input that they label

put them both inside a div with nowrap.

<div style="white-space:nowrap">
    <label for="id1">label1:</label>
    <input type="text" id="id1"/>
</div>

http://jsfiddle.net/jwB2Y/123/

The following CSS class force the label text to flow inline and get clipped if its length is more than max-length of the label.

.inline-label { 
    white-space: nowrap;
    max-width: 150px;
    overflow: hidden;
    text-overflow: ellipsis;
    float:left;     
    }

HTML:

<div>
    <label for="id1" class="inline-label">This is the dummy text i want to display::</label>
    <input type="text" id="id1"/>
</div>

<style>
.nowrap {
    white-space: nowrap;
}
</style>

...

<label for="id1" class="nowrap">label1:
    <input type="text" id="id1"/>
</label>

Wrap your inputs within the label tag

Put the input in the label, and ditch the for attribute

<label>
  label1:
  <input type="text" id="id1" name="whatever" />
</label>

But of course, what if you want to style the text? Just use a span.

<label id="id1">
  <span>label1:</span>
  <input type="text" name="whatever" />
</label>