It does not, no. Only deflationary mechanisms that involve taking away coins from the market and burning them do. There are many cases where a team prints tokens for itself, and later burns them. Burning tokens that you created for nothing and were never in circulation does not benefit the market price, it is more of a marketing stunt to ignite attention. The best kind of burns are those that happen because of active usage or through buy back and burn from sharing platform or service fees.