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