Here is one way to do this:
>>> sorted(myDict.items(), key=lambda e: e[1][2])
[('item2', [8, 2, 3]), ('item1', [7, 1, 9]), ('item3', [9, 3, 11])]
The key
argument of the sorted
function lets you derive a sorting key for each element of the list.
To iterate over the keys/values in this list, you can use something like:
>>> for key, value in sorted(myDict.items(), key=lambda e: e[1][2]):
... print key, value
...
item2 [8, 2, 3]
item1 [7, 1, 9]
item3 [9, 3, 11]