CSS vertical alignment of inline/inline-block elements

Give vertical-align:top; in a & span. Like this:

a, span{
 vertical-align:top;
}

Check this http://jsfiddle.net/TFPx8/10/

vertical-align applies to the elements being aligned, not their parent element. To vertically align the div's children, do this instead:

div > * {
    vertical-align:middle;  // Align children to middle of line
}

See: http://jsfiddle.net/dfmx123/TFPx8/1186/

NOTE: vertical-align is relative to the current text line, not the full height of the parent div. If you wanted the parent div to be taller and still have the elements vertically centered, set the div's line-height property instead of its height. Follow jsfiddle link above for an example.