Extracting key value pairs from a dictionary

extract_values_from_dict.py

 def extract(dictin):

   dictout={}
    for key, value in dictin.iteritems():
        print('key:%s \t Value:%s' % (key,value))
        if isinstance(value, dict):
            extract(value, dictout)
        elif isinstance(value, list):
            for i in value:
                extract(i,dictout)
        else:
            dictout[key] = value
    print('Dictout:%s' % dictout)
    return dictout