Abstract: This invention relates to a cerium-zirconium-base composite oxide, which is useful, e.g., for the purification of exhaust gas discharged from combustion engines such as internal combustion engines and boilers and can release a high level of oxygen in a low temperature region, a method for producing the same, an oxygen storage/release component using the same, an exhaust gas purification catalyst, and an exhaust gas purification method. The cerium-zirconium-base composite oxide satisfies requirements (1) that the oxygen release initiation temperature is 380° C. or below, (2) that the oxygen release amount is not less than 485 ?mol/g, and further (3) that the oxygen release amount at 400° C. is not less than 15 ?mol/g.