How do I vertically align text in a paragraph?

Question

I would like to know to align the text in a p element to be vertically centered.

Here are my styles:

Answer 1

Alternative solution which scales for multi-line text:

Set vertical and horizontal padding to be (height - line-height) / 2

p.event_desc {
    font: bold 12px "Helvetica Neue", Helvetica, Arial, sans-serif;
    line-height: 14px;
    padding: 10.5px 0;
    margin: 0px;
}