According to a piece by Andrea Fuller in the Chronicle of Higher Education:
Salaries for faculty members across all disciplines rose by 1.9 percent this year, nearly matching the 2-percent rise in senior administrator salaries. But a divide remains between public-college faculty members and those at private colleges, according to the report, which reflects data for 813 public and private colleges. Private-college faculty members received a median salary increase of 2.3 percent for the 2012 fiscal year, compared with 1.1 percent for public-college faculty members.
Still, the annual salary increases for faculty members at public colleges were better than in the previous two years, when their salaries remained flat from the year before.
Tuition and fees at America’s state colleges, however, increased more than 8 percent between 2010 and 2011.
According to the article, the salary increases are not keeping up with inflation. The Consumer Price Index increased 3.2 percent between 2010 and 2011.