An exhaust gas-purifying catalyst (1) contains a rare-earth element, an alkaline-earth element, zirconium and a precious metal, an atomic ratio of the alkaline-earth element with respect to the sum of the rare-earth element and the zirconium is equal to 0.1 atomic % or higher and lower than 10 atomic %, a part of the rare-earth element, a part of the zirconium and at least a part of the alkaline-earth element forming a composite oxide, and the composite oxide and a part of precious metal forming a solid solution.