Did inflation stop for the teachers too, or just for you?
I said "staff" not "faculty". If you think staff (other than the grad students, which are being not allowed in at Dartmouth) teach, well, just try hanging around at a university for a week or so. See how many of the bureaucrats teach. (Hint: it rounds to zero.)
There is a special case of the poor adjunct faculty people, who are not paid well at all. They, in fact, need more support than the other staff.
(Source: I'm a retired, soft money, academic.)
Maybe try to reduce admin staff to save money? What I read in multiple places is that administrative staff increased a lot over the past 30 years, about double the pace of teaching staff and 4 times more than the number of students. That sounds like terrible efficiency that can be reversed.