how to break down a nest in python code example

Example: how to break out of nested loops python

x_loop_must_break = False

for x in [1, 2, 3]:
    print(f"x is {x}")
    for y in [1, 2, 3]:
        print(f"y is {y}")
        if y == 2:
            x_loop_must_break = True
            break
    if x_loop_must_break: break