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The largest protest was in Tel Aviv where police said at least 200,000 people were on the streets, while another 30,000 marched in Jerusalem.
In one of biggest waves of protests in decades in Israel, demonstrators are demanding government action to reduce the cost of housing and food.
One of the organisers, 33-year-old Baroch Oren, said the movement was "a revolution". "There has been nothing like this for decades - all these people coming together, taking to the streets, demanding change."
Israel's annual economic growth is relatively healthy, averaging 4.5% since 2004, and in the same period unemployment has fallen from about 11% to 6%.
But the public say this growth has failed to benefit them and there is growing public anger over perceived social inequality, injustice and official corruption.
One of the organisers, 33-year-old Baroch Oren, said the movement was "a revolution". "There has been nothing like this for decades - all these people coming together, taking to the streets, demanding change."
Israel's annual economic growth is relatively healthy, averaging 4.5% since 2004, and in the same period unemployment has fallen from about 11% to 6%. But the public say this growth has failed to benefit them and there is growing public anger over perceived social inequality, injustice and official corruption.