An exhaust gas-purifying catalyst includes first particles of oxygen storage material, second particles of one or more rare-earth elements other than cerium and/or compounds thereof interposed between the first particles, and third particles of one or more precious metal elements interposed between the first particles, wherein a spectrum of a characteristic X-ray intensity for one of the rare-earth element(s) and a spectrum of a characteristic X-ray intensity for one of the precious metal element(s) that are obtained by performing a line analysis using energy-dispersive X-ray spectrometry along a length of 500 nm have a correlation coefficient of 0.68 or more.