Offset

Offset[{dx, dy}, position] gives the position of a graphical object obtained by starting at the specified position and then moving by absolute offset {dx, dy}.

Examples

Place text with offset:

Graphics[{Point[{0, 0}], Text["Label", Offset[{10, 5}, {0, 0}]]}]

Using in Inset:

Graphics[{Circle[], Inset["Center", Offset[{0, 20}, {0, 0}]]}]

Please visit the official Wolfram Language Reference for more details.