How to Create a Bar Chart With Labels Above Bars in Excel 14. In the chart, right-click the Series "Dummy" Data Labels and then, on the short-cut menu, click Format Data Labels. 15. In the Format Data Labels pane, under Label Options selected, set the Label Position to Inside End. 16. Next, while the labels are still selected, click on Text Options, and then click on the Textbox icon. 17.