Use itertools.cycle
to cycle around to the beginning of L2
:
from itertools import cycle
dict(zip(L1, cycle(L2)))
# {'A': '1', 'B': '2', 'C': '3', 'D': '1', 'E': '2'}
In your case, concatenating L2
with itself also works.
# dict(zip(L1, L2 * 2))
dict(zip(L1, L2 + L2))
# {'A': '1', 'B': '2', 'C': '3', 'D': '1', 'E': '2'}