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Active inference is a normative framework for explaining behaviour under the free energy principle -- a theory of self-organisation originating in neuroscience. It specifies neuronal dynamics for state-estimation in terms of a descent on (variational) free energy -- a measure of the fit between an internal (generative) model and sensory observations. The free energy gradient is a prediction error -- plausibly encoded in the average membrane potentials of neuronal populations. Conversely, the expected probability of a state can be expressed in terms of neuronal firing rates. We show that this is consistent with current models of neuronal dynamics and establish face validity by synthesising plausible electrophysiological responses. We then show that these neuronal dynamics approximate natural gradient descent, a well-known optimisation algorithm from information geometry that follows the steepest descent of the objective in information space. We compare the information length of belief updating in both schemes, a measure of the distance traveled in information space that has a direct interpretation in terms of metabolic cost. We show that neural dynamics under active inference are metabolically efficient and suggest that neural representations in biological agents may evolve by approximating steepest descent in information space towards the point of optimal inference.