Very ocasssionally there can be a localised reaction to a vaccination. I have seen it happen once before.
It could just be a harmless lipoma (fatty lump) but usually these do get noticed if you regularly groom/feel your dog over
Bee and wasp sting's can also cause localised swelling and dogs dont always yelp when they get stung so you may not of noticed it.
I found a little lump on Max's neck in a similar place a couple of weeks ago. I't looked like nothing but when I squeezed it a load of pus came out! It has gone now though. I'm always getting paranoid about grass seeds, splinters etc.
Even if it isn't attached to the bone or muscle I would maybe get it checked...I thought when Ozzy had his first lump removed from his elbow it was nothing that was March 2010 and now he's no longer with us...
Please dont think I'm trying to panic you! I'm not, just trying to cover the range of possibilities...hope this helps? It may be gone in the morning! Hope Archie is ok, sending doggy cuddles xx