The exhaust gas-purifying catalyst of the invention contains oxide particles having interdispersed therein A crystallites that are loaded with a noble metal and B crystallites that are not loaded with a noble metal. The A crystallites loaded with a noble metal are composed of an oxide containing at least one of zirconium (Zr) and cerium (Ce). The B crystallites not loaded with a noble metal are composed of a cerium (Ce)-containing oxide which has a higher Ce content (mol %) than the oxide making up the A crystallites. The oxide particles have a specific surface area after 5 hours of heat treatment at 1,150° C. in open air of 30 m2/g or more.