A BME ceramic dielectric capacitor ceramic material is prepared from BaTiO3, CaZrO3, rare earth oxide, Er2O3, MnO2, BaCO3, Co2O3, ZnB2O4 and Li2SiO3, the materials are matched in a certain proportion and subjected to ball milling, drying, prilling, circular slice green body pressing, organic matter discharging, sintering and the like. The rare earth oxide is one or several of Yb2O3, Ho2O3, Dy2O3, Sm2O3 and Y2O3. An X7R type MLCC material with excellent performance can be sintered at the reducing atmosphere, the preparation technology is simple, the formula design is simple and adjustable, the sintering technology is easy to control, the material is suitable for large-scale production, the uniformity of the material is good, the material has a high dielectric constant, a low dielectric loss and good high-temperature insulation resistance and insulation strength, the production cost of MLCC can be effectively reduced, and the application range of the material is enlarged.